Vontobel Holding Ltd. Has $1.75 Million Stock Position in ONEOK, Inc. $OKE

Vontobel Holding Ltd. cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 25.2% in the 3rd quarter, Holdings Channel reports. The firm owned 23,918 shares of the utilities provider’s stock after selling 8,065 shares during the period. Vontobel Holding Ltd.’s holdings in ONEOK were worth $1,745,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of OKE. Global Wealth Strategies & Associates bought a new stake in shares of ONEOK during the 3rd quarter worth $29,000. Access Investment Management LLC bought a new position in ONEOK in the second quarter valued at about $33,000. Twin Peaks Wealth Advisors LLC acquired a new position in ONEOK during the second quarter worth about $34,000. Trust Co. of Toledo NA OH bought a new position in shares of ONEOK in the second quarter worth about $42,000. Finally, MTM Investment Management LLC bought a new position in shares of ONEOK in the second quarter worth about $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

OKE has been the topic of several research reports. Wells Fargo & Company decreased their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday. Scotiabank lowered their price target on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Mizuho dropped their price target on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $82.00 price objective (down previously from $100.00) on shares of ONEOK in a report on Friday, October 24th. One 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

ONEOK Trading Down 0.6%

Shares of NYSE OKE opened at $72.83 on Friday. The firm has a 50 day moving average price of $70.76 and a two-hundred day moving average price of $74.59. The stock has a market cap of $45.82 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 4.48 and a beta of 0.95. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $111.02. 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 (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same quarter in the previous year, the firm posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, November 3rd. ONEOK’s payout ratio is 75.74%.

Insider Buying and Selling at ONEOK

In related news, Director Brian L. Derksen purchased 2,500 shares of the firm’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 purchase, the director owned 21,200 shares in the company, valued at approximately $1,399,200. This represents a 13.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company’s stock.

ONEOK Company 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.