First Trust Advisors LP Has $121.93 Million Stake in ONEOK, Inc. $OKE

First Trust Advisors LP raised its stake in ONEOK, Inc. (NYSE:OKE) by 14.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,493,672 shares of the utilities provider’s stock after acquiring an additional 190,461 shares during the period. First Trust Advisors LP owned about 0.24% of ONEOK worth $121,928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Network Wealth Advisors LLC increased its position in shares of ONEOK by 2,466.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 370 shares in the last quarter. Access Investment Management LLC bought a new stake in ONEOK during the second quarter worth about $33,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of ONEOK during the second quarter worth approximately $34,000. Trust Co. of Toledo NA OH bought a new position in shares of ONEOK in the second quarter valued at approximately $42,000. Finally, MTM Investment Management LLC acquired a new position in shares of ONEOK in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired 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 approximately $1,399,200. This trade represents a 13.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

ONEOK Stock Up 0.3%

Shares of NYSE OKE opened at $76.38 on Friday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $111.02. The firm’s 50-day moving average is $70.14 and its 200-day moving average is $75.47. 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 firm has a market capitalization of $48.06 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 4.67 and a beta of 0.95.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.48 by $0.01. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate 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 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given 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 dividend yield of 5.4%. ONEOK’s dividend payout ratio (DPR) is currently 75.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price target on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. Barclays lowered their target price on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research note on Thursday, October 9th. Stifel Nicolaus set a $94.00 price target on ONEOK in a report on Thursday, October 30th. Wells Fargo & Company decreased their price objective on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 target price (down from $100.00) on shares of ONEOK in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

ONEOK Profile

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.