ONEOK, Inc. $OKE Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 2.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 50,852 shares of the utilities provider’s stock after acquiring an additional 1,136 shares during the period. KBC Group NV’s holdings in ONEOK were worth $4,151,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of OKE. Vanguard Group Inc. grew its position in ONEOK by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider’s stock worth $7,461,043,000 after purchasing an additional 5,076,705 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of ONEOK by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider’s stock worth $2,079,376,000 after buying an additional 2,542,449 shares during the period. Invesco Ltd. boosted its position in shares of ONEOK by 25.1% during the first quarter. Invesco Ltd. now owns 8,339,939 shares of the utilities provider’s stock worth $827,489,000 after buying an additional 1,674,706 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in ONEOK by 17.1% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 7,171,795 shares of the utilities provider’s stock worth $711,586,000 after buying an additional 1,047,810 shares in the last quarter. Finally, Northern Trust Corp increased its position in ONEOK by 5.3% in the 1st quarter. Northern Trust Corp now owns 6,879,863 shares of the utilities provider’s stock valued at $682,620,000 after acquiring an additional 344,002 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

NYSE OKE opened at $70.55 on Friday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $118.07. The business’s fifty day moving average is $70.39 and its two-hundred day moving average is $76.60. The stock has a market capitalization of $44.39 billion, a P/E ratio of 12.97, a P/E/G ratio of 2.62 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.46 and a current ratio of 0.90.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the company posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 5.8%. ONEOK’s dividend payout ratio is currently 75.74%.

Analyst Ratings Changes

A number of research analysts have issued reports on OKE shares. Morgan Stanley reduced their price target on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Stifel Nicolaus set a $94.00 price objective on shares of ONEOK in a report on Thursday, October 30th. Royal Bank Of Canada decreased their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Scotiabank lowered their target price on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company reduced their price target on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.27.

Insider Activity at ONEOK

In other news, Director Brian L. Derksen bought 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $66.00 per share, with a total value of $165,000.00. Following the completion of the transaction, the director directly owned 21,200 shares in the company, valued at approximately $1,399,200. The trade was a 13.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.