ONEOK, Inc. $OKE Shares Sold by RFG Advisory LLC

RFG Advisory LLC lowered its position in ONEOK, Inc. (NYSE:OKE) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,035 shares of the utilities provider’s stock after selling 2,790 shares during the quarter. RFG Advisory LLC’s holdings in ONEOK were worth $1,962,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in shares of ONEOK in the 1st quarter valued at about $34,000. Financial Network Wealth Advisors LLC raised its stake in shares of ONEOK by 2,466.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 370 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of ONEOK in the 1st quarter valued at about $39,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of ONEOK in the 1st quarter valued at about $40,000. Finally, Rakuten Securities Inc. raised its stake in shares of ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE OKE opened at $68.89 on Thursday. ONEOK, Inc. has a 52 week low of $68.25 and a 52 week high of $118.07. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. The company has a 50-day moving average price of $73.21 and a two-hundred day moving average price of $79.46.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OKE. TD Cowen began coverage on shares of ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 target price on the stock. Royal Bank Of Canada cut their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. Mizuho cut their target price on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. JPMorgan Chase & Co. upped their target price 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. Finally, Barclays lowered their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and an average price target of $98.69.

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.