Exencial Wealth Advisors LLC Boosts Holdings in ONEOK, Inc. $OKE

Exencial Wealth Advisors LLC boosted its position in ONEOK, Inc. (NYSE:OKE) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,910 shares of the utilities provider’s stock after purchasing an additional 3,699 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in ONEOK were worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Morningstar Investment Management LLC lifted its stake in ONEOK by 18.2% in the 2nd quarter. Morningstar Investment Management LLC now owns 27,375 shares of the utilities provider’s stock worth $2,235,000 after purchasing an additional 4,206 shares in the last quarter. Dark Forest Capital Management LP lifted its stake in ONEOK by 409.5% in the 1st quarter. Dark Forest Capital Management LP now owns 40,372 shares of the utilities provider’s stock worth $4,006,000 after purchasing an additional 32,448 shares in the last quarter. Andrew Hill Investment Advisors Inc. purchased a new stake in ONEOK in the 2nd quarter worth approximately $3,671,000. Banco Santander S.A. lifted its stake in ONEOK by 22.2% in the 1st quarter. Banco Santander S.A. now owns 26,824 shares of the utilities provider’s stock worth $2,661,000 after purchasing an additional 4,880 shares in the last quarter. Finally, Amundi lifted its stake in ONEOK by 27.7% in the 1st quarter. Amundi now owns 5,242,524 shares of the utilities provider’s stock worth $485,982,000 after purchasing an additional 1,136,928 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OKE shares. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a research report on Wednesday, October 8th. The Goldman Sachs Group started coverage on shares of ONEOK in a research report on Tuesday, September 30th. They set a “neutral” rating and a $75.00 price objective on the stock. TD Cowen started coverage on shares of ONEOK in a research report on Monday, July 7th. They set a “hold” rating and a $91.00 price objective on the stock. Scotiabank set a $92.00 price objective on shares of ONEOK and gave the company a “sector outperform” rating in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada lowered their price objective on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.27.

ONEOK Price Performance

OKE stock opened at $69.57 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. ONEOK, Inc. has a 52 week low of $66.56 and a 52 week high of $118.07. The firm’s fifty day moving average is $72.60 and its 200 day moving average is $78.57. The firm has a market cap of $43.81 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.69 and a beta of 1.01.

ONEOK (NYSE:OKE) last released its earnings results on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. During the same quarter last year, the firm earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio (DPR) is 80.31%.

ONEOK 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.