ONEOK, Inc. $OKE Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its position in ONEOK, Inc. (NYSE:OKE) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 405,529 shares of the utilities provider’s stock after selling 90,041 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.06% of ONEOK worth $33,079,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC grew 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 valued at $1,534,000 after buying an additional 8,834 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in ONEOK in the 1st quarter valued at about $348,000. Wealth Enhancement Advisory Services LLC grew its position in ONEOK by 20.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 290,937 shares of the utilities provider’s stock valued at $28,867,000 after buying an additional 50,272 shares in the last quarter. Ritholtz Wealth Management grew its position in ONEOK by 50.2% in the 1st quarter. Ritholtz Wealth Management now owns 3,549 shares of the utilities provider’s stock valued at $352,000 after buying an additional 1,186 shares in the last quarter. Finally, Acropolis Investment Management LLC grew its position in ONEOK by 12.3% in the 1st quarter. Acropolis Investment Management LLC now owns 1,923 shares of the utilities provider’s stock valued at $191,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OKE. JPMorgan Chase & Co. increased their target price on shares of ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. The Goldman Sachs Group began coverage on shares of ONEOK in a research report on Tuesday, September 30th. They issued a “neutral” rating and a $75.00 target price for the company. Barclays decreased their target price on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a research report on Wednesday, October 8th. Finally, Morgan Stanley reduced their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average target price of $98.69.

ONEOK Stock Performance

NYSE:OKE opened at $69.59 on Wednesday. ONEOK, Inc. has a twelve month low of $68.25 and a twelve month high of $118.07. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average of $73.34 and a 200-day moving average of $79.54. The firm has a market cap of $43.82 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.20 billion. During the same period last year, the company posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

About ONEOK

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.