ONEOK, Inc. $OKE Stock Position Increased by Sage Advisors LLC

Sage Advisors LLC increased its stake in ONEOK, Inc. (NYSE:OKE) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 53,147 shares of the utilities provider’s stock after buying an additional 692 shares during the quarter. ONEOK makes up 3.1% of Sage Advisors LLC’s portfolio, making the stock its 10th biggest position. Sage Advisors LLC’s holdings in ONEOK were worth $4,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of OKE. First Pacific Financial bought a new stake in shares of ONEOK in the 1st quarter worth $34,000. Financial Network Wealth Advisors LLC increased its holdings 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 worth $38,000 after purchasing an additional 370 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of ONEOK in the 1st quarter worth $39,000. Financial Gravity Asset Management Inc. bought a new stake in shares of ONEOK in the 1st quarter worth $40,000. Finally, Rakuten Securities Inc. increased its holdings in shares of ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on OKE. Mizuho reduced their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Friday, August 29th. TD Cowen began coverage on ONEOK in a report on Monday, July 7th. They issued a “hold” rating and a $91.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial restated an “outperform” rating on shares of ONEOK in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.69.

ONEOK Stock Performance

OKE stock opened at $69.60 on Tuesday. The company has a market cap of $43.83 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. ONEOK, Inc. has a 1 year low of $69.05 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46. The stock’s fifty day moving average price is $73.47 and its 200-day moving average price is $79.61.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.20 billion. During the same period last year, the business posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were 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 was Friday, August 1st. ONEOK’s dividend payout ratio (DPR) is currently 80.31%.

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.