SG Americas Securities LLC Acquires 34,337 Shares of ONEOK, Inc. $OKE

SG Americas Securities LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 361.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 43,845 shares of the utilities provider’s stock after acquiring an additional 34,337 shares during the period. SG Americas Securities LLC’s holdings in ONEOK were worth $3,579,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in ONEOK by 84.0% in the second quarter. Assetmark Inc. now owns 4,047 shares of the utilities provider’s stock worth $330,000 after acquiring an additional 1,848 shares in the last quarter. Morningstar Investment Management LLC raised its holdings in shares of ONEOK by 18.2% during the second quarter. Morningstar Investment Management LLC now owns 27,375 shares of the utilities provider’s stock valued at $2,235,000 after purchasing an additional 4,206 shares during the last quarter. Dark Forest Capital Management LP lifted 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 valued at $4,006,000 after buying an additional 32,448 shares during the period. Jackson Hole Capital Partners LLC lifted its holdings in ONEOK by 24.6% in the second quarter. Jackson Hole Capital Partners LLC now owns 81,923 shares of the utilities provider’s stock valued at $6,687,000 after acquiring an additional 16,151 shares during the period. Finally, Meixler Investment Management Ltd. boosted its holdings in shares of ONEOK by 134.0% in the second quarter. Meixler Investment Management Ltd. now owns 30,937 shares of the utilities provider’s stock worth $2,525,000 after buying an additional 17,714 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.9%

OKE stock opened at $69.47 on Wednesday. The company’s 50-day simple moving average is $70.30 and its 200-day simple moving average is $76.38. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $118.07. The firm has a market cap of $43.72 billion, a P/E ratio of 12.77, a PEG ratio of 2.62 and a beta of 1.06. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 5.9%. ONEOK’s dividend payout ratio (DPR) is presently 75.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OKE shares. The Goldman Sachs Group restated a “neutral” rating and set a $72.00 target price on shares of ONEOK in a research note on Monday, November 3rd. Citigroup dropped their price target on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barclays lowered their target price on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a report on Thursday, October 9th. 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. Finally, Scotiabank decreased their target price on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $89.27.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Brian L. Derksen purchased 2,500 shares of ONEOK stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the transaction, the director directly owned 21,200 shares in the company, valued at $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

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.