ONEOK, Inc. $OKE Stake Raised by St. James Investment Company LLC

St. James Investment Company LLC increased its stake in ONEOK, Inc. (NYSE:OKE) by 10,934.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 354,771 shares of the utilities provider’s stock after purchasing an additional 351,556 shares during the quarter. ONEOK accounts for 4.1% of St. James Investment Company LLC’s investment portfolio, making the stock its 9th largest position. St. James Investment Company LLC owned approximately 0.06% of ONEOK worth $25,888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of ONEOK in the 2nd quarter worth approximately $562,832,000. First Eagle Investment Management LLC increased its position in shares of ONEOK by 130.8% in the second quarter. First Eagle Investment Management LLC now owns 6,256,173 shares of the utilities provider’s stock valued at $510,691,000 after buying an additional 3,545,256 shares in the last quarter. Boston Partners raised its stake in shares of ONEOK by 53.7% during the 2nd quarter. Boston Partners now owns 5,509,100 shares of the utilities provider’s stock worth $448,476,000 after buying an additional 1,924,864 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of ONEOK by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider’s stock worth $6,245,591,000 after buying an additional 1,314,002 shares during the last quarter. Finally, Man Group plc boosted its position in shares of ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE stock opened at $74.46 on Tuesday. The company has a market cap of $46.85 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 4.15 and a beta of 0.94. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $72.55 and a two-hundred day moving average price of $73.57. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $111.02.

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

Insider Transactions at ONEOK

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $66.00 per share, with a total value of $165,000.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and set a $72.00 target price on shares of ONEOK in a research report on Monday, November 3rd. UBS Group reiterated a “buy” rating on shares of ONEOK in a report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Barclays decreased their price objective on ONEOK from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus set a $94.00 target price on ONEOK in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.14.

ONEOK Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.