ONEOK, Inc. $OKE Shares Acquired by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,440 shares of the utilities provider’s stock after purchasing an additional 1,080 shares during the quarter. ONEOK makes up about 1.0% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 24th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in ONEOK were worth $2,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OKE. Presima Securities ULC lifted its holdings in ONEOK by 1.4% in the first quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock worth $940,000 after acquiring an additional 127 shares during the last quarter. Morey & Quinn Wealth Partners LLC lifted its holdings in shares of ONEOK by 0.8% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider’s stock worth $1,560,000 after purchasing an additional 130 shares during the last quarter. Clearstead Trust LLC boosted its position in ONEOK by 5.0% during the 1st quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 133 shares during the period. BankPlus Wealth Management LLC grew its stake in ONEOK by 2.8% during the 1st quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock worth $485,000 after buying an additional 134 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in ONEOK by 4.5% in the first quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock worth $311,000 after buying an additional 134 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. Mizuho cut their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a research report on Saturday, September 27th. TD Cowen assumed coverage on shares of ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on ONEOK in a research note on Tuesday, September 30th. They set a “neutral” rating and a $75.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.00.

ONEOK Price Performance

Shares of ONEOK stock opened at $72.88 on Monday. ONEOK, Inc. has a 52 week low of $70.63 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 $45.89 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.01. The company’s 50-day moving average price is $74.69 and its two-hundred day moving average price is $80.83.

ONEOK (NYSE:OKE) last posted 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 company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.20 billion. During the same quarter last year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 1st were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $4.12 annualized dividend and a dividend yield of 5.7%. ONEOK’s dividend payout ratio (DPR) is currently 80.31%.

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.