Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in ONEOK, Inc. $OKE

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in ONEOK, Inc. (NYSE:OKE) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 507,732 shares of the utilities provider’s stock after selling 12,783 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of ONEOK worth $37,049,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. City Holding Co. acquired a new position in shares of ONEOK during the third quarter worth $28,000. Global Wealth Strategies & Associates purchased a new stake in ONEOK during the 3rd quarter worth $29,000. Financial Consulate Inc. purchased a new stake in ONEOK during the 3rd quarter worth $29,000. Access Investment Management LLC acquired a new position in ONEOK in the 2nd quarter worth $33,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in ONEOK in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Buying and Selling

In related news, Director Brian L. Derksen bought 2,500 shares of the stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $66.00 per share, with a total value of $165,000.00. Following the completion of the acquisition, the director owned 21,200 shares of the company’s stock, valued at $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OKE has been the subject of several recent analyst reports. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, November 6th. TD Cowen lowered their price objective on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Barclays dropped 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, January 15th. UBS Group reaffirmed a “buy” rating on shares of ONEOK in a research report on Wednesday, January 7th. Finally, Raymond James Financial reissued an “outperform” rating and set a $82.00 price target (down previously from $100.00) on shares of ONEOK in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.60.

ONEOK Stock Performance

ONEOK stock opened at $75.83 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $110.62. The company has a fifty day moving average price of $72.79 and a two-hundred day moving average price of $73.53. The company has a market cap of $47.72 billion, a PE ratio of 13.94, a P/E/G ratio of 4.16 and a beta of 0.94.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the company earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be issued a $1.07 dividend. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, February 2nd. ONEOK’s dividend payout ratio is 75.74%.

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.