Amundi Has $345.72 Million Stock Holdings in ONEOK, Inc. $OKE

Amundi decreased its position in ONEOK, Inc. (NYSE:OKE) by 19.7% during the 2nd quarter, Holdings Channel reports. The firm owned 4,208,918 shares of the utilities provider’s stock after selling 1,033,606 shares during the quarter. Amundi’s holdings in ONEOK were worth $345,721,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its stake in ONEOK by 3.1% in the second quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 122 shares in the last quarter. Presima Securities ULC raised its position in ONEOK by 1.4% in the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock worth $940,000 after purchasing an additional 127 shares during the last quarter. Empowered Funds LLC lifted its holdings in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after buying an additional 137 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. boosted its position in ONEOK by 5.8% in the 2nd 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 during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of ONEOK by 1.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 13,023 shares of the utilities provider’s stock valued at $1,292,000 after buying an additional 143 shares during the period. 69.13% of the stock is owned by institutional investors.

Insider Activity at ONEOK

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the acquisition, the director directly owned 21,200 shares of the company’s stock, valued at approximately $1,399,200. This trade represents a 13.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

ONEOK Stock Up 0.3%

Shares of NYSE:OKE opened at $76.38 on Friday. The company has a 50 day moving average price of $70.14 and a two-hundred day moving average price of $75.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. The company has a market capitalization of $48.06 billion, a PE ratio of 14.04, a PEG ratio of 4.67 and a beta of 0.95. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $111.02.

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

ONEOK Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, November 3rd. ONEOK’s dividend payout ratio is 75.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada cut their price target on ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus set a $94.00 target price on shares of ONEOK in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday. Barclays cut their price objective on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. Finally, Mizuho lowered their target price on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.00.

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.