Ibex Wealth Advisors Has $14.78 Million Position in ONEOK, Inc. $OKE

Ibex Wealth Advisors raised its position in ONEOK, Inc. (NYSE:OKE) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,029 shares of the utilities provider’s stock after purchasing an additional 5,114 shares during the quarter. ONEOK accounts for about 1.6% of Ibex Wealth Advisors’ holdings, making the stock its 12th biggest holding. Ibex Wealth Advisors’ holdings in ONEOK were worth $14,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its stake in ONEOK by 84.0% during the second quarter. Assetmark Inc. now owns 4,047 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 1,848 shares during the period. Morningstar Investment Management LLC lifted its stake in ONEOK by 18.2% in the second quarter. Morningstar Investment Management LLC now owns 27,375 shares of the utilities provider’s stock valued at $2,235,000 after buying an additional 4,206 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of ONEOK by 409.5% during the 1st quarter. Dark Forest Capital Management LP now owns 40,372 shares of the utilities provider’s stock worth $4,006,000 after buying an additional 32,448 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in shares of ONEOK by 24.6% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 81,923 shares of the utilities provider’s stock worth $6,687,000 after buying an additional 16,151 shares during the period. Finally, Prudent Man Advisors LLC increased its stake in shares of ONEOK by 83.2% in the 2nd quarter. Prudent Man Advisors LLC now owns 13,388 shares of the utilities provider’s stock valued at $1,093,000 after acquiring an additional 6,082 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ONEOK

In related news, Director Brian L. Derksen bought 2,500 shares of ONEOK stock in a transaction dated Monday, November 3rd. The stock was purchased 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 of the company’s stock, valued at approximately $1,399,200. The trade was 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. 0.21% of the stock is owned by corporate insiders.

ONEOK Stock Up 0.5%

Shares of NYSE:OKE opened at $68.15 on Monday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $118.07. The company has a market capitalization of $42.88 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.62 and a beta of 1.05. The business has a fifty day moving average price of $70.92 and a two-hundred day moving average price of $77.15. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.46.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The company had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period in the previous year, the business posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Monday, November 3rd. ONEOK’s payout ratio is presently 75.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley cut their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 26th. Barclays decreased their target price 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. Finally, Mizuho reduced their price objective on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and an average price target of $91.94.

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.