ONEOK, Inc. $OKE Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,375 shares of the utilities provider’s stock after selling 1,804 shares during the quarter. ONEOK accounts for 0.8% of Faithward Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Faithward Advisors LLC’s holdings in ONEOK were worth $4,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in OKE. Greenline Partners LLC acquired a new stake in shares of ONEOK in the 4th quarter worth about $32,000. First Pacific Financial bought a new position in shares of ONEOK in the 1st quarter valued at approximately $34,000. Vermillion Wealth Management Inc. acquired a new position in ONEOK in the 4th quarter valued at approximately $37,000. Financial Network Wealth Advisors LLC raised 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 buying an additional 370 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in ONEOK in the first quarter worth $39,000. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the subject of several analyst reports. Scotiabank set a $92.00 price target on shares of ONEOK and gave the stock a “sector outperform” rating in a research report on Tuesday, July 15th. Raymond James Financial restated an “outperform” rating on shares of ONEOK in a research note on Friday, August 1st. Barclays set a $83.00 price target on shares of ONEOK in a research report on Thursday, August 14th. TD Cowen started coverage on ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price target on ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $100.60.

ONEOK Trading Down 2.4%

Shares of OKE opened at $72.62 on Monday. The business’s 50-day moving average price is $78.08 and its 200-day moving average price is $84.01. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The stock has a market cap of $45.74 billion, a PE ratio of 14.16, a P/E/G ratio of 1.73 and a beta of 1.04. ONEOK, Inc. has a twelve month low of $70.63 and a twelve month high of $118.07.

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 analysts’ consensus estimates 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 quarter in the prior year, the firm 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 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.7%. ONEOK’s dividend payout ratio is currently 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.