S&T Bank PA Sells 2,991 Shares of ONEOK, Inc. $OKE

S&T Bank PA trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,450 shares of the utilities provider’s stock after selling 2,991 shares during the period. S&T Bank PA’s holdings in ONEOK were worth $2,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKE. Bogart Wealth LLC boosted its position in shares of ONEOK by 3.1% during the 2nd quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 122 shares in the last quarter. Presima Securities ULC grew its position in ONEOK by 1.4% in the first quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after acquiring an additional 127 shares during the period. Clearstead Trust LLC raised its stake in ONEOK by 5.0% during the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 133 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. boosted its position in ONEOK by 5.8% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 2,540 shares of the utilities provider’s stock valued at $207,000 after buying an additional 140 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the topic of several recent analyst reports. Scotiabank reduced their target price on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Raymond James Financial reissued an “outperform” rating and set a $82.00 price target (down from $100.00) on shares of ONEOK in a research note on Friday, October 24th. Barclays reduced their price objective on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. Stifel Nicolaus set a $94.00 target price on ONEOK in a research report on Thursday, October 30th. Finally, TD Cowen lowered their price objective on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.94.

ONEOK Price Performance

Shares of OKE opened at $67.82 on Friday. The firm has a market cap of $42.67 billion, a PE ratio of 12.47, a P/E/G ratio of 2.62 and a beta of 1.05. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $118.07. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $71.08 and a two-hundred day simple moving average of $77.35.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) 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 $9.17 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the firm posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 6.1%. ONEOK’s dividend payout ratio (DPR) is presently 75.74%.

Insider Transactions at ONEOK

In related news, Director Brian L. Derksen acquired 2,500 shares of ONEOK stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of $66.00 per share, for a total transaction 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. This represents a 13.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

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.