Vise Technologies Inc. Makes New $1.65 Million Investment in ONEOK, Inc. $OKE

Vise Technologies Inc. acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,179 shares of the utilities provider’s stock, valued at approximately $1,647,000.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in 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 buying an additional 5,076,705 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $2,079,376,000 after acquiring an additional 2,542,449 shares in the last quarter. Invesco Ltd. increased its position in shares of ONEOK by 25.1% during the first quarter. Invesco Ltd. now owns 8,339,939 shares of the utilities provider’s stock worth $827,489,000 after acquiring an additional 1,674,706 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of ONEOK by 17.1% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 7,171,795 shares of the utilities provider’s stock worth $711,586,000 after acquiring an additional 1,047,810 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in ONEOK by 5.3% in the first quarter. Northern Trust Corp now owns 6,879,863 shares of the utilities provider’s stock valued at $682,620,000 after purchasing an additional 344,002 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Brian L. Derksen bought 2,500 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by insiders.

ONEOK Stock Performance

OKE stock opened at $69.09 on Wednesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $118.07. The stock has a market capitalization of $43.47 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.62 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.46 and a current ratio of 0.90. The stock’s fifty day moving average is $70.64 and its two-hundred day moving average is $76.90.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same quarter last year, the company earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, research analysts predict 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. Investors of record on Monday, November 3rd will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $4.12 annualized dividend and a yield of 6.0%. ONEOK’s payout ratio is presently 75.74%.

Analyst Ratings Changes

Several research firms have issued reports on OKE. Scotiabank dropped their price objective on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a report on Tuesday, November 4th. TD Cowen decreased their price target on shares of ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada dropped their price target on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 13th. Barclays reduced their price objective on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. Finally, Citigroup dropped their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.94.

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.