Nisa Investment Advisors LLC Has $13.36 Million Stake in ONEOK, Inc. $OKE

Nisa Investment Advisors LLC raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,078 shares of the utilities provider’s stock after acquiring an additional 6,929 shares during the period. Nisa Investment Advisors LLC’s holdings in ONEOK were worth $13,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OKE. City Holding Co. bought a new stake in ONEOK during the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new position in shares of ONEOK during the third quarter worth approximately $29,000. Financial Consulate Inc. bought a new stake in shares of ONEOK in the third quarter valued at approximately $29,000. Access Investment Management LLC acquired a new stake in shares of ONEOK in the second quarter worth $33,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in ONEOK during the second quarter worth $34,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Up 0.5%

NYSE OKE opened at $72.68 on Friday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $111.02. The company has a market capitalization of $45.73 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 4.04 and a beta of 0.94. The stock’s 50 day moving average is $71.65 and its two-hundred day moving average is $73.97. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44.

ONEOK (NYSE:OKE) last issued 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. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period in the prior year, the firm posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal 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. This represents a $4.12 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Monday, November 3rd. ONEOK’s payout ratio is currently 75.74%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group reissued a “buy” rating on shares of ONEOK in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Barclays lowered their price target on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Finally, TD Cowen lowered their price objective on ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Buying and Selling at ONEOK

In other news, Director Brian L. Derksen bought 2,500 shares of the stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $66.00 per share, with a total value of $165,000.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.

About ONEOK

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.