ONEOK, Inc. $OKE Stock Position Lifted by Everpar Advisors LLC

Everpar Advisors LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 14.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,592 shares of the utilities provider’s stock after buying an additional 7,418 shares during the quarter. ONEOK accounts for about 1.7% of Everpar Advisors LLC’s holdings, making the stock its 12th biggest position. Everpar Advisors LLC’s holdings in ONEOK were worth $4,202,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of OKE. Brighton Jones LLC increased its position in ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of ONEOK in the 1st quarter valued at approximately $246,000. Canada Pension Plan Investment Board raised its position in ONEOK by 94.7% during the first quarter. Canada Pension Plan Investment Board now owns 203,356 shares of the utilities provider’s stock valued at $20,177,000 after acquiring an additional 98,885 shares in the last quarter. Magnetar Financial LLC bought a new stake in ONEOK in the first quarter worth approximately $689,000. Finally, Vident Advisory LLC raised its holdings in shares of ONEOK by 36.7% during the 1st quarter. Vident Advisory LLC now owns 106,751 shares of the utilities provider’s stock valued at $10,592,000 after purchasing an additional 28,660 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ONEOK

In related news, Director Brian L. Derksen acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $66.00 per share, with a total value of $165,000.00. Following the completion of the purchase, the director directly owned 21,200 shares in the company, valued at approximately $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

ONEOK Price Performance

Shares of OKE stock opened at $72.83 on Friday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $111.02. The company has a market capitalization of $45.82 billion, a P/E ratio of 13.39, a P/E/G ratio of 4.45 and a beta of 0.95. The stock has a 50 day moving average of $70.76 and a two-hundred day moving average of $74.54. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.23 billion. During the same period in the prior year, the firm posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current 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 issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s payout ratio is currently 75.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OKE. Barclays decreased their price objective on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a report on Thursday, October 9th. TD Cowen reduced their price objective on shares of ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Stifel Nicolaus set a $94.00 target price on shares of ONEOK in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 22nd. Finally, Wells Fargo & Company decreased their price target on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.00.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.