ONEOK, Inc. $OKE Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. significantly reduced its position in ONEOK, Inc. by 75.9% during the first quarter, now holding 6,255 shares valued at $621,000.
• Other institutional investors such as the Vanguard Group and Charles Schwab increased their stakes in ONEOK, demonstrating continued interest in the company despite Nomura's divestment.
• ONEOK reported earnings of $1.34 per share for the last quarter, surpassing analyst expectations, and set a FY 2025 guidance of 5.37 EPS, indicating optimism for future performance.

Nomura Holdings Inc. reduced its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 75.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,255 shares of the utilities provider's stock after selling 19,656 shares during the quarter. Nomura Holdings Inc.'s holdings in ONEOK were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OKE. Vanguard Group Inc. grew its stake in shares of ONEOK by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider's stock worth $7,461,043,000 after purchasing an additional 5,076,705 shares during the period. Nuveen LLC acquired a new position in ONEOK during the first quarter worth about $440,535,000. Boston Partners purchased a new position in ONEOK in the first quarter valued at about $353,596,000. Charles Schwab Investment Management Inc. lifted its position in shares of ONEOK by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider's stock valued at $2,079,376,000 after acquiring an additional 2,542,449 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of ONEOK by 51.9% during the 1st quarter. Wellington Management Group LLP now owns 6,388,987 shares of the utilities provider's stock worth $633,915,000 after acquiring an additional 2,182,081 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on ONEOK from $122.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday, August 26th. Barclays set a $83.00 price objective on shares of ONEOK in a research note on Thursday, August 14th. Scotiabank set a $92.00 target price on shares of ONEOK and gave the stock a "sector outperform" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada lowered their price target on shares of ONEOK from $94.00 to $88.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of ONEOK in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.60.

ONEOK Trading Down 2.4%

Shares of ONEOK stock traded down $1.76 during trading hours on Friday, reaching $72.62. 4,955,599 shares of the company's stock were exchanged, compared to its average volume of 3,115,726. ONEOK, Inc. has a 52-week low of $70.63 and a 52-week high of $118.07. The company has a fifty day moving average of $78.08 and a 200-day moving average of $84.11. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $45.74 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.20 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 1st were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Friday, August 1st. ONEOK's dividend payout ratio is presently 80.31%.

ONEOK Company 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.