Axxcess Wealth Management LLC Sells 782 Shares of ONEOK, Inc. $OKE

Axxcess Wealth Management LLC reduced its stake in shares of ONEOK, Inc. (NYSE:OKEFree Report) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,655 shares of the utilities provider’s stock after selling 782 shares during the period. Axxcess Wealth Management LLC’s holdings in ONEOK were worth $1,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Presima Securities ULC raised its position in ONEOK by 1.4% in the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock worth $940,000 after purchasing an additional 127 shares during the period. Clearstead Trust LLC raised its position in ONEOK by 5.0% in the 1st quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 133 shares during the period. BankPlus Wealth Management LLC raised its position in ONEOK by 2.8% in the 1st quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock worth $485,000 after purchasing an additional 134 shares during the period. Capital Investment Advisory Services LLC raised its position in ONEOK by 4.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 134 shares during the period. Finally, Empowered Funds LLC raised its position in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the period. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased 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 report on Wednesday, August 13th. TD Cowen began coverage on shares of ONEOK in a research report on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective on the stock. Mizuho decreased 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. Finally, Barclays decreased their price objective on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.69.

View Our Latest Analysis on OKE

ONEOK Trading Down 1.0%

Shares of OKE opened at $68.89 on Thursday. The firm’s 50-day moving average price is $73.21 and its 200-day moving average price is $79.46. The firm has a market capitalization of $43.38 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 1.70 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 1-year low of $68.25 and a 1-year high of $118.07.

ONEOK (NYSE:OKEGet Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. During the same quarter in the previous year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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