Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in ONEOK, Inc. $OKE

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,515 shares of the utilities provider’s stock after selling 15,168 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in ONEOK were worth $42,490,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of ONEOK by 3.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 72,140 shares of the utilities provider’s stock valued at $7,158,000 after acquiring an additional 2,166 shares during the period. AMG National Trust Bank purchased a new stake in ONEOK in the 1st quarter worth approximately $217,000. Kestra Private Wealth Services LLC increased its holdings in ONEOK by 122.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 36,867 shares of the utilities provider’s stock worth $3,658,000 after acquiring an additional 20,284 shares in the last quarter. Finally, OneAscent Financial Services LLC raised its stake in ONEOK by 49.1% during the 1st quarter. OneAscent Financial Services LLC now owns 11,206 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 3,689 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OKE. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price target (down from $100.00) on shares of ONEOK in a research report on Friday, October 24th. Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Thursday, November 6th. Citigroup dropped their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a report on Thursday. Finally, Wells Fargo & Company lowered their price objective on ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.27.

ONEOK Stock Performance

OKE opened at $68.83 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.46 and a current ratio of 0.90. The stock has a market capitalization of $43.31 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.62 and a beta of 1.05. The company has a fifty day moving average of $70.34 and a 200 day moving average of $76.47. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The firm 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 business posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s dividend payout ratio is 75.74%.

Insider Activity at ONEOK

In other ONEOK news, Director Brian L. Derksen bought 2,500 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% 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.