111 Capital Acquires Shares of 9,879 ONEOK, Inc. $OKE

111 Capital acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,879 shares of the utilities provider’s stock, valued at approximately $806,000.

A number of other institutional investors have also modified their holdings of the stock. Presima Securities ULC raised its stake in shares of ONEOK by 1.4% during the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after buying an additional 127 shares during the last quarter. Morey & Quinn Wealth Partners LLC raised its stake in shares of ONEOK by 0.8% during the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider’s stock valued at $1,560,000 after buying an additional 130 shares during the last quarter. Clearstead Trust LLC raised its stake in shares of ONEOK by 5.0% during the 1st quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock valued at $277,000 after buying an additional 133 shares during the last quarter. BankPlus Wealth Management LLC raised its stake in shares of ONEOK by 2.8% during the 1st quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock valued at $485,000 after buying an additional 134 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of ONEOK by 4.5% during the 1st quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock valued at $311,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Scotiabank set a $92.00 target price on ONEOK and gave the company a “sector outperform” rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price on ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Barclays set a $83.00 target price on ONEOK in a research report on Thursday, August 14th. TD Cowen assumed coverage on ONEOK in a research report on Monday, July 7th. They set a “hold” rating and a $91.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on ONEOK in a research report on Tuesday, September 30th. They set a “neutral” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

ONEOK Trading Up 0.6%

OKE stock opened at $72.88 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 12-month low of $70.63 and a 12-month high of $118.07. The stock has a market cap of $45.89 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.79 and a beta of 1.01. The business’s 50-day moving average is $74.69 and its 200 day moving average is $80.97.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.20 billion. During the same period in the previous year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced 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 payout ratio is currently 80.31%.

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.