International Assets Investment Management LLC Acquires 974 Shares of ONEOK, Inc. $OKE

International Assets Investment Management LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,625 shares of the utilities provider’s stock after acquiring an additional 974 shares during the quarter. International Assets Investment Management LLC’s holdings in ONEOK were worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OKE. Brighton Jones LLC boosted its position in ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after buying an additional 8,834 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in ONEOK by 20.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 290,937 shares of the utilities provider’s stock valued at $28,867,000 after buying an additional 50,272 shares in the last quarter. QRG Capital Management Inc. boosted its position in ONEOK by 5.4% in the first quarter. QRG Capital Management Inc. now owns 7,467 shares of the utilities provider’s stock valued at $741,000 after buying an additional 384 shares in the last quarter. Retirement Systems of Alabama boosted its position in ONEOK by 5.4% in the first quarter. Retirement Systems of Alabama now owns 133,325 shares of the utilities provider’s stock valued at $13,229,000 after buying an additional 6,843 shares in the last quarter. Finally, L.M. Kohn & Company boosted its position in ONEOK by 23.2% in the first quarter. L.M. Kohn & Company now owns 3,030 shares of the utilities provider’s stock valued at $301,000 after buying an additional 570 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 1.3%

Shares of NYSE OKE opened at $68.08 on Friday. The company’s 50 day simple moving average is $72.92 and its 200 day simple moving average is $78.88. ONEOK, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $118.07. The firm has a market capitalization of $42.88 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.67 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 (NYSE:OKE) last announced its quarterly earnings data 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. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. 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. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio is presently 80.31%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of recent analyst reports. Mizuho reduced their price target on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Royal Bank Of Canada reduced their price target 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. Barclays reduced their price target on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. Morgan Stanley reduced their price target on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 26th. Finally, TD Cowen initiated coverage on shares of ONEOK in a research report on Monday, July 7th. They set a “hold” rating and a $91.00 target price on the stock. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.27.

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.