Oneok Inc. (NYSE: OKE) is 13.74% higher on its value in year-to-date trading and has touched a low of $55.91 and a high of $80.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OKE stock was last observed hovering at around $79.98 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $79.87, the stock is 1.34% and 6.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing -0.14% at the moment leaves the stock 16.73% off its SMA200. OKE registered 21.59% gain for a year compared to 6-month gain of 25.78%. The firm has a 50-day simple moving average (SMA 50) of $3.85 and a 200-day simple moving average (SMA200) of $13.26.
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The stock witnessed a 3.51% loss in the last 1 month and extending the period to 3 months gives it a 12.07%, and is -0.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.50% over the week and 1.32% over the month.
Oneok Inc. (OKE) has around 4775 employees, a market worth around $46.58B and $17.48B in sales. Current P/E ratio is 14.41 and Fwd P/E is 14.57. Profit margin for the company is 15.21%. Distance from 52-week low is 42.85% and -1.16% from its 52-week high. The company has generated returns on investments over the last 12 months (7.04%).
Oneok Inc. quarterly earnings per share for the current quarter are estimated at $1.21 with sales reaching $6.22B over the same period.The EPS is expected to shrink by -9.26% this year, but quarterly earnings will post 43.30% year-over-year. Quarterly sales are estimated to grow 16.40% in year-over-year returns.
Oneok Inc. (OKE) Top Institutional Holders
1,643 institutions hold shares in Oneok Inc. (OKE), with institutional investors hold 70.43% of the company’s shares. The shares outstanding are 583.09M, and float is at 581.61M with Short Float at 2.03%. Institutions hold 70.17% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 53.71 million shares valued at $3.32 billion. The investor’s holdings represent 12.00% of the OKE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 46.31 million shares valued at $2.86 billion to account for 10.34% of the shares outstanding. The other top investors are State Street Corporation which holds 30.92 million shares representing 6.91% and valued at over $1.91 billion, while Deutsche Bank Aktiengesellschaft holds 2.16% of the shares totaling 9.66 million with a market value of $595.95 million.
Oneok Inc. (OKE) Insider Activity
The most recent transaction is an insider purchase by Smith Wayne Thomas,the company’sDirector. SEC filings show that Smith Wayne Thomas bought 2,700 shares of the company’s common stock on Mar 01 ’24 at a price of $75.25 per share for a total of $0.2 million. Following the purchase, the insider now owns 2700.0 shares.
Oneok Inc. disclosed in a document filed with the SEC on Dec 22 ’23 that RODRIGUEZ EDUARDO A (Director) sold a total of 800 shares of the company’s common stock. The trade occurred on Dec 22 ’23 and was made at $70.29 per share for $56230.0. Following the transaction, the insider now directly holds 25154.0 shares of the OKE stock.
Still, SEC filings show that on Jun 29 ’23, NORTON PIERCE (President & CEO) acquired 24,607 shares at an average price of $60.96 for $1.5 million. The insider now directly holds 42,017 shares of Oneok Inc. (OKE).
