Quantbot Technologies LP Boosts Holdings in ONEOK, Inc. $OKE

Quantbot Technologies LP lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 151.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,741 shares of the utilities provider’s stock after acquiring an additional 23,327 shares during the quarter. Quantbot Technologies LP’s holdings in ONEOK were worth $3,162,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC increased its holdings in shares of ONEOK by 2,466.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 370 shares in the last quarter. Access Investment Management LLC acquired a new position in ONEOK during the second quarter worth about $33,000. Trust Co. of Toledo NA OH purchased a new position in ONEOK in the second quarter valued at about $42,000. MTM Investment Management LLC purchased a new position in ONEOK in the second quarter valued at about $44,000. Finally, CNB Bank acquired a new stake in shares of ONEOK during the 2nd quarter valued at approximately $51,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Up 1.6%

Shares of NYSE OKE opened at $76.11 on Friday. The stock has a market capitalization of $47.89 billion, a PE ratio of 13.99, a P/E/G ratio of 4.59 and a beta of 0.95. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $70.09 and a 200-day moving average of $75.53. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $111.02.

ONEOK (NYSE:OKE) last posted 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 firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $1.03 dividend. The ex-dividend date was Monday, November 3rd. This represents a $4.12 annualized dividend and a dividend yield of 5.4%. ONEOK’s dividend payout ratio is 75.74%.

Insiders Place Their Bets

In other news, Director Brian L. Derksen acquired 2,500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the acquisition, the director directly owned 21,200 shares of the company’s stock, valued at $1,399,200. This represents a 13.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on OKE shares. Stifel Nicolaus set a $94.00 target price on ONEOK in a research report on Thursday, October 30th. Royal Bank Of Canada cut their price target on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 13th. Scotiabank decreased their price objective on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 4th. Wells Fargo & Company dropped their target price on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Finally, Mizuho reduced their price target on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.00.

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.