Chilton Capital Management LLC Has $3.04 Million Position in ONEOK, Inc. $OKE

Chilton Capital Management LLC decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,181 shares of the utilities provider’s stock after selling 641 shares during the period. Chilton Capital Management LLC’s holdings in ONEOK were worth $3,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. Bogart Wealth LLC increased its position in shares of ONEOK by 3.1% in the second quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 122 shares during the period. Presima Securities ULC lifted its stake in shares of ONEOK by 1.4% in the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after acquiring an additional 127 shares during the last quarter. Clearstead Trust LLC raised its position in ONEOK by 5.0% in the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 133 shares during the last quarter. BankPlus Wealth Management LLC boosted its position in ONEOK by 2.8% during the 1st quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock worth $485,000 after buying an additional 134 shares during the period. Finally, Capital Investment Advisory Services LLC grew its stake in shares of ONEOK by 4.5% in the first quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. TD Cowen started coverage on ONEOK in a research note on Monday, July 7th. They set a “hold” rating and a $91.00 price target on the stock. Royal Bank Of Canada reduced their price objective on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a report on Saturday. Finally, JPMorgan Chase & Co. increased their price objective on shares of ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. One research 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 stock. According to data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $96.40.

ONEOK Trading Down 1.7%

Shares of OKE stock opened at $68.60 on Friday. The company’s fifty day simple moving average is $72.40 and its two-hundred day simple moving average is $78.42. The stock has a market capitalization of $43.20 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 2.68 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46. ONEOK, Inc. has a 1 year low of $66.56 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.20 billion. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.During the same period in the prior year, the business posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, November 3rd. ONEOK’s dividend payout ratio 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.