WINTON GROUP Ltd Purchases New Stake in ONEOK, Inc. $OKE

WINTON GROUP Ltd acquired a new position 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 14,271 shares of the utilities provider’s stock, valued at approximately $1,165,000.

Several other large investors also recently added to or reduced their stakes in OKE. Access Investment Management LLC purchased a new position in shares of ONEOK during the 2nd quarter worth $33,000. Twin Peaks Wealth Advisors LLC acquired a new stake in ONEOK during the second quarter worth about $34,000. Financial Network Wealth Advisors LLC raised its stake in 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. Trust Co. of Toledo NA OH purchased a new position in ONEOK during the second quarter worth about $42,000. Finally, MTM Investment Management LLC acquired a new position in ONEOK in the 2nd quarter valued at about $44,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Down 1.6%

ONEOK stock opened at $73.75 on Thursday. The company has a market capitalization of $46.41 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.59 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $111.02. The firm has a 50 day moving average price of $70.23 and a 200 day moving average price of $75.27.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.48 by $0.01. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the business 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 earnings per share for the current year.

ONEOK Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OKE. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a report on Monday. Royal Bank Of Canada decreased their price objective on ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 13th. Stifel Nicolaus set a $94.00 target price on ONEOK in a research note on Thursday, October 30th. Mizuho reduced their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Finally, Morgan Stanley decreased their price target on ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 26th. One equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Insiders Place Their Bets

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

ONEOK Company 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.