Blankinship & Foster LLC Sells 4,611 Shares of ONEOK, Inc. $OKE

Blankinship & Foster LLC reduced its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 40.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,664 shares of the utilities provider’s stock after selling 4,611 shares during the quarter. Blankinship & Foster LLC’s holdings in ONEOK were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OKE. Vanguard Group Inc. grew its holdings in ONEOK by 7.2% during the first 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ONEOK by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider’s stock worth $2,079,376,000 after acquiring an additional 2,542,449 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ONEOK by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 15,800,797 shares of the utilities provider’s stock worth $1,284,303,000 after acquiring an additional 355,751 shares in the last quarter. Invesco Ltd. raised its holdings in shares of ONEOK by 25.1% in the first quarter. Invesco Ltd. now owns 8,339,939 shares of the utilities provider’s stock valued at $827,489,000 after purchasing an additional 1,674,706 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its position in shares of ONEOK by 17.1% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 7,171,795 shares of the utilities provider’s stock valued at $711,586,000 after purchasing an additional 1,047,810 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 stock was acquired at an average cost of $66.00 per share, for a total transaction of $165,000.00. Following the purchase, the director owned 21,200 shares of the company’s stock, valued at approximately $1,399,200. This represents a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

ONEOK Stock Up 1.6%

Shares of NYSE OKE opened at $70.55 on Friday. 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 has a market capitalization of $44.39 billion, a PE ratio of 12.97, a P/E/G ratio of 2.62 and a beta of 1.05. ONEOK, Inc. has a one year low of $64.02 and a one year high of $118.07. The business’s fifty day moving average price is $70.39 and its 200-day moving average price is $76.60.

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

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, November 3rd. ONEOK’s dividend payout ratio is presently 75.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OKE shares. Morgan Stanley decreased their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, August 26th. Stifel Nicolaus set a $94.00 target price on ONEOK in a report on Thursday, October 30th. TD Cowen dropped their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $72.00 price objective on shares of ONEOK in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada decreased their target price on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.27.

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.