Natixis Acquires 22,578 Shares of ONEOK, Inc. $OKE

Natixis lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 75.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,487 shares of the utilities provider’s stock after acquiring an additional 22,578 shares during the period. Natixis’ holdings in ONEOK were worth $4,285,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Network Wealth Advisors LLC increased its holdings 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 purchasing an additional 370 shares during the period. Access Investment Management LLC acquired a new stake in ONEOK during the second quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC bought a new position in ONEOK during the 2nd quarter worth $34,000. Trust Co. of Toledo NA OH bought a new position in ONEOK during the 2nd quarter worth $42,000. Finally, MTM Investment Management LLC acquired a new position in ONEOK in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OKE shares. Scotiabank decreased their price target on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research note on Monday. Barclays lowered their target price on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research note on Thursday, October 9th. Raymond James Financial reissued an “outperform” rating and issued a $82.00 target price (down previously from $100.00) on shares of ONEOK in a report on Friday, October 24th. Finally, Stifel Nicolaus set a $94.00 price target on shares of ONEOK in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and an average price target of $88.00.

ONEOK Stock Performance

Shares of OKE stock opened at $73.75 on Thursday. The firm has a market capitalization of $46.41 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.59 and a beta of 0.95. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44. The business’s 50-day moving average price is $70.23 and its 200-day moving average price is $75.27. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $111.02.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $4.12 annualized dividend and a dividend yield of 5.6%. ONEOK’s dividend payout ratio (DPR) is presently 75.74%.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of ONEOK stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price 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 $1,399,200. This trade represents a 13.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.