Rep. Dwight Evans Unloads ONEOK, Inc. (NYSE:OKE) Stock

Representative Dwight Evans (D-Pennsylvania) recently sold shares of ONEOK, Inc. NYSE: OKE. In a filing disclosed on April 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in ONEOK stock on April 3rd. The trade occurred in the Representative's "CETERA" account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 4/3/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 4/3/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/3/2025.
• Sold $1,001 - $15,000 in shares of American Tower NYSE: AMT on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/3/2025.

ONEOK Stock Up 0.8 %

NYSE:OKE traded up $0.65 during trading hours on Wednesday, reaching $84.70. 4,243,270 shares of the company traded hands, compared to its average volume of 3,171,156. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The business's 50-day moving average price is $92.51 and its two-hundred day moving average price is $99.10. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The stock has a market capitalization of $52.91 billion, a P/E ratio of 17.72, a P/E/G ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. Analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

Institutional Investors Weigh In On ONEOK

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chung Wu Investment Group LLC boosted its position in shares of ONEOK by 11.1% in the first quarter. Chung Wu Investment Group LLC now owns 18,630 shares of the utilities provider's stock worth $1,848,000 after purchasing an additional 1,860 shares during the period. Penobscot Investment Management Company Inc. boosted its holdings in ONEOK by 1.1% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 35,797 shares of the utilities provider's stock worth $3,552,000 after buying an additional 380 shares during the period. Creative Financial Designs Inc. ADV increased its stake in ONEOK by 32.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 4,424 shares of the utilities provider's stock worth $439,000 after buying an additional 1,094 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in ONEOK by 0.4% during the first quarter. Sequoia Financial Advisors LLC now owns 211,961 shares of the utilities provider's stock valued at $21,031,000 after acquiring an additional 767 shares during the period. Finally, Tyche Wealth Partners LLC lifted its position in shares of ONEOK by 3.9% in the first quarter. Tyche Wealth Partners LLC now owns 5,285 shares of the utilities provider's stock valued at $524,000 after acquiring an additional 200 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Barclays lowered their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Scotiabank reduced their price objective on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.42.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania's 3rd Congressional District. He declared candidacy for the 2026 election. Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor's degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

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.