ONEOK, Inc. $OKE Shares Purchased by Ethic Inc.

Ethic Inc. increased its stake in ONEOK, Inc. (NYSE:OKE) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,735 shares of the utilities provider’s stock after purchasing an additional 736 shares during the quarter. Ethic Inc.’s holdings in ONEOK were worth $6,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Morningstar Investment Management LLC increased 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 increased 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 position in ONEOK in the 2nd quarter worth about $3,671,000. Banco Santander S.A. increased 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 increased 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. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.9%

OKE opened at $69.57 on Thursday. The business has a 50 day moving average price of $72.60 and a 200 day moving average price of $78.57. ONEOK, Inc. has a twelve month low of $66.56 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market cap of $43.81 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share 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 firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.20 billion. During the same period in the previous year, the company earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on OKE shares. TD Cowen began coverage on ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 price target on the stock. Mizuho decreased their price objective on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, August 29th. Royal Bank Of Canada decreased their price objective on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Scotiabank set a $92.00 price objective on ONEOK and gave the stock a “sector outperform” rating in a research report on Tuesday, July 15th. Finally, Barclays decreased their price objective on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.27.

ONEOK Company 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.