SBI Securities Co. Ltd. Boosts Stake in ONEOK, Inc. $OKE

SBI Securities Co. Ltd. raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 43.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,955 shares of the utilities provider’s stock after acquiring an additional 5,158 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ONEOK were worth $1,384,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of ONEOK by 3.1% during the first quarter. Mutual of America Capital Management LLC now owns 72,140 shares of the utilities provider’s stock valued at $7,158,000 after buying an additional 2,166 shares during the last quarter. CWM LLC boosted its holdings in shares of ONEOK by 0.7% in the 1st quarter. CWM LLC now owns 42,380 shares of the utilities provider’s stock valued at $4,205,000 after buying an additional 313 shares in the last quarter. Signaturefd LLC grew its position in shares of ONEOK by 12.2% in the 1st quarter. Signaturefd LLC now owns 8,658 shares of the utilities provider’s stock worth $859,000 after buying an additional 942 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of ONEOK by 6.9% during the 1st quarter. Wealthfront Advisers LLC now owns 84,705 shares of the utilities provider’s stock worth $8,404,000 after acquiring an additional 5,463 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OKE shares. Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, November 6th. Wells Fargo & Company decreased their price objective on ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Barclays lowered their price objective on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. Stifel Nicolaus set a $94.00 target price on ONEOK in a research report on Thursday, October 30th. Finally, Citigroup decreased their price target on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, October 31st. One research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

ONEOK Price Performance

NYSE OKE opened at $69.38 on Friday. The company has a market cap of $43.66 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 2.62 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.46. The stock’s fifty day moving average price is $70.44 and its 200 day moving average price is $76.79. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.01. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.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. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share 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 given a $1.03 dividend. The ex-dividend date is Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 5.9%. ONEOK’s dividend payout ratio is currently 75.74%.

Insiders Place Their Bets

In other ONEOK news, Director Brian L. Derksen purchased 2,500 shares of ONEOK stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $66.00 per share, with a total value of $165,000.00. Following the transaction, the director owned 21,200 shares of the company’s stock, valued at $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 accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

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.