Voya Investment Management LLC Has $21.34 Million Stock Position in ONEOK, Inc. $OKE

Voya Investment Management LLC cut its position in ONEOK, Inc. (NYSE:OKE) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,497 shares of the utilities provider’s stock after selling 48,628 shares during the period. Voya Investment Management LLC’s holdings in ONEOK were worth $21,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates bought a new position in ONEOK in the third quarter worth approximately $29,000. Access Investment Management LLC bought a new stake in shares of ONEOK during the second quarter valued at approximately $33,000. Twin Peaks Wealth Advisors LLC acquired a new position 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 2nd quarter worth $42,000. Finally, MTM Investment Management LLC acquired a new stake in ONEOK in the 2nd quarter valued at $44,000. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKE. Morgan Stanley lowered their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a report on Monday, December 15th. Stifel Nicolaus set a $94.00 price target on ONEOK in a research note on Thursday, October 30th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Thursday, November 6th. Finally, Mizuho cut their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

ONEOK Stock Performance

NYSE OKE opened at $71.68 on Monday. The company has a market capitalization of $45.11 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $111.02. The company has a 50-day simple moving average of $70.32 and a 200 day simple moving average of $74.79.

ONEOK (NYSE:OKE) last released its earnings results 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 the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period in the prior year, the firm earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s dividend payout ratio is currently 75.74%.

Insider Buying and Selling at ONEOK

In other news, Director Brian L. Derksen acquired 2,500 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director owned 21,200 shares in the company, valued at $1,399,200. The trade was a 13.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

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.