Rep. Dwight Evans Sells Off Shares of ONEOK, Inc. (NYSE:OKE)

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 3.2 %

Shares of ONEOK stock traded up $2.73 on Wednesday, reaching $86.78. 1,049,368 shares of the company were exchanged, compared to its average volume of 3,155,258. The stock's 50 day moving average price is $92.78 and its 200-day moving average price is $99.20. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07. The company has a market cap of $54.20 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. As a group, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OKE. Morgan Stanley raised their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Scotiabank reduced their target price on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Finally, Barclays cut their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and a consensus target price of $106.42.

Hedge Funds Weigh In On ONEOK

Several hedge funds and other institutional investors have recently bought and sold shares of OKE. Morse Asset Management Inc acquired a new stake in ONEOK in the 3rd quarter valued at about $346,000. Barclays PLC lifted its holdings in shares of ONEOK by 16.1% in the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider's stock valued at $172,131,000 after purchasing an additional 262,486 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of ONEOK during the 3rd quarter worth approximately $2,258,000. Fulcrum Equity Management raised its position in shares of ONEOK by 1.1% during the 3rd quarter. Fulcrum Equity Management now owns 46,681 shares of the utilities provider's stock worth $4,254,000 after purchasing an additional 526 shares during the last quarter. Finally, World Investment Advisors LLC lifted its stake in ONEOK by 154.1% in the 3rd quarter. World Investment Advisors LLC now owns 10,522 shares of the utilities provider's stock valued at $959,000 after buying an additional 6,381 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

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.

About ONEOK

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.