ONEOK, Inc. $OKE Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,527 shares of the utilities provider’s stock after selling 2,527 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in ONEOK were worth $941,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Pacific Financial acquired a new position in shares of ONEOK during the 1st quarter worth approximately $34,000. Financial Network Wealth Advisors LLC raised its stake 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 buying an additional 370 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of ONEOK during the 1st quarter worth approximately $39,000. Financial Gravity Asset Management Inc. acquired a new position in shares of ONEOK during the 1st quarter worth approximately $40,000. Finally, Rakuten Securities Inc. raised its stake in shares of ONEOK by 152.1% during the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock worth $42,000 after buying an additional 254 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on OKE. Raymond James Financial reiterated an “outperform” rating on shares of ONEOK in a research report on Friday, August 1st. Morgan Stanley dropped their price target on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Scotiabank set a $92.00 price target on ONEOK and gave the stock a “sector outperform” rating in a research report on Tuesday, July 15th. Barclays dropped their price target on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. One research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.69.

ONEOK Stock Up 0.0%

Shares of OKE opened at $69.59 on Wednesday. ONEOK, Inc. has a 52-week low of $68.25 and a 52-week high of $118.07. The company has a market capitalization of $43.82 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. The stock has a fifty day simple moving average of $73.34 and a two-hundred day simple moving average of $79.54. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. During the same period last year, the company earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

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.