Oneok Inc (NYSE: OKE) is 60.23% higher on its value in year-to-date trading and has touched a low of $64.68 and a high of $110.05 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 $109.81 in the last trading session, with the day’s gains setting it 2.7%.
Currently trading at $112.51, the stock is 10.89% and 16.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 million and changing 2.46% at the moment leaves the stock 33.14% off its SMA200. OKE registered 71.72% gain for a year compared to 6-month gain of 36.03%. The firm has a 50-day simple moving average (SMA 50) of $96.5388 and a 200-day simple moving average (SMA200) of $84.2819.
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The stock witnessed a 15.72% loss in the last 1 month and extending the period to 3 months gives it a 29.93%, and is 3.18% up 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 2.07% over the week and 2.12% over the month.
Oneok Inc (OKE) has around 4775 employees, a market worth around $66.90B and $19.88B in sales. Current P/E ratio is 23.55 and Fwd P/E is 18.90. Profit margin for the company is 14.08%. Distance from 52-week low is 73.95% and 2.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
The EPS is expected to shrink by -7.14% this year.
Oneok Inc (OKE) Top Institutional Holders
1826.0 institutions hold shares in Oneok Inc (OKE), with institutional investors hold 71.87% of the company’s shares. The shares outstanding are 583.09M, and float is at 582.80M with Short Float at 1.94%. Institutions hold 71.72% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 69.31 million shares valued at $5.65 billion. The investor’s holdings represent 11.8633% of the OKE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 50.86 million shares valued at $4.15 billion to account for 8.7063 of the shares outstanding. The other top investors are STATE STREET CORP which holds 39.42 million shares representing 6.7471% and valued at over $3.21 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.879 of the shares totaling 16.82 million with a market value of $1.37 billion.
Oneok Inc (OKE) Insider Activity
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Oneok Inc disclosed in a document filed with the SEC on Sep 05 ’24 that MOORE PATTYE L (Director) sold a total of 3,379 shares of the company’s common stock. The trade occurred on Sep 05 ’24 and was made at $92.01 per share for $0.31 million. Following the transaction, the insider now directly holds 0.0 shares of the OKE stock.
Still, SEC filings show that on Sep 05 ’24, MOORE PATTYE L (Director) Proposed Sale 3,379 shares at an average price of $91.83 for $0.31 million. The insider now directly holds shares of Oneok Inc (OKE).
