Nomura Asset Management Co. Ltd. Has $17.50 Million Stock Holdings in ONEOK, Inc. $OKE

Nomura Asset Management Co. Ltd. lowered its stake in ONEOK, Inc. (NYSE:OKE) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,432 shares of the utilities provider’s stock after selling 28,412 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ONEOK were worth $17,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of ONEOK by 7.2% during 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. Nuveen LLC bought a new position in shares of ONEOK in the first quarter valued at $440,535,000. Boston Partners acquired a new position in ONEOK during the first quarter worth $353,596,000. First Eagle Investment Management LLC increased its holdings in ONEOK by 130.8% during the second quarter. First Eagle Investment Management LLC now owns 6,256,173 shares of the utilities provider’s stock worth $510,691,000 after buying an additional 3,545,256 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in 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 acquiring an additional 2,542,449 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.0%

ONEOK stock opened at $69.46 on Thursday. The company’s 50-day moving average price is $70.22 and its two-hundred day moving average price is $76.33. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The stock has a market cap of $43.70 billion, a P/E ratio of 12.77, a P/E/G ratio of 2.62 and a beta of 1.06. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $118.07.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.48 by $0.01. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same quarter in the prior year, the business earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s dividend payout ratio is currently 75.74%.

Insiders Place Their Bets

In other news, Director Brian L. Derksen bought 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $66.00 per share, with a total value of $165,000.00. Following the completion of the acquisition, the director owned 21,200 shares of the company’s stock, valued at $1,399,200. This represents a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on OKE. Royal Bank Of Canada decreased their price objective 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. Citigroup cut their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group reissued a “neutral” rating and set a $72.00 price target on shares of ONEOK in a research report on Monday, November 3rd. TD Cowen dropped their price objective on ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Finally, Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.27.

ONEOK 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.