ONEOK, Inc. $OKE Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 15.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,680 shares of the utilities provider’s stock after selling 2,765 shares during the quarter. Rothschild Investment LLC’s holdings in ONEOK were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Access Investment Management LLC purchased a new position in ONEOK during the 2nd quarter worth $33,000. Financial Network Wealth Advisors LLC increased its stake in shares of ONEOK by 2,466.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 370 shares during the period. Trust Co. of Toledo NA OH purchased a new position in ONEOK during the second quarter worth about $42,000. MTM Investment Management LLC acquired a new stake in ONEOK in the second quarter valued at about $44,000. Finally, Cheviot Value Management LLC purchased a new stake in ONEOK in the 1st quarter valued at approximately $46,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

NYSE:OKE opened at $68.83 on Tuesday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $118.07. The firm has a market cap of $43.31 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.62 and a beta of 1.05. The company’s 50-day moving average is $70.34 and its two-hundred day moving average is $76.47. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 1.44.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same quarter in the prior year, the firm posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.0%. ONEOK’s payout ratio is currently 75.74%.

Insider Activity at ONEOK

In other ONEOK news, Director Brian L. Derksen bought 2,500 shares of the company’s stock in a transaction that occurred 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 purchase, the director owned 21,200 shares of the company’s stock, valued at $1,399,200. This trade represents a 13.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of analyst reports. Citigroup cut their target price on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price objective (down previously from $100.00) on shares of ONEOK in a report on Friday, October 24th. Mizuho reduced their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Friday, August 29th. TD Cowen decreased their target price on shares of ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Finally, Morgan Stanley dropped their target price on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $89.27.

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.