ONEOK, Inc. $OKE Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE) by 0.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 38,390 shares of the utilities provider’s stock after selling 166 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ONEOK were worth $3,134,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the period. Golden State Wealth Management LLC increased its position in shares of ONEOK by 4,570.6% in the 1st quarter. Golden State Wealth Management LLC now owns 794 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 777 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of ONEOK by 20.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 353,504 shares of the utilities provider’s stock valued at $35,174,000 after purchasing an additional 60,915 shares during the last quarter. Sovran Advisors LLC acquired a new stake in shares of ONEOK in the 1st quarter valued at $269,000. Finally, KBC Group NV lifted its position in shares of ONEOK by 2.4% during the 1st quarter. KBC Group NV now owns 49,716 shares of the utilities provider’s stock worth $4,933,000 after purchasing an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on OKE shares. JPMorgan Chase & Co. increased their target price on ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. TD Cowen began coverage on ONEOK in a research report on Monday, July 7th. They set a “hold” rating and a $91.00 target price on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price target (down from $100.00) on shares of ONEOK in a report on Friday. Finally, Scotiabank set a $92.00 price target on shares of ONEOK and gave the company a “sector outperform” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and an average target price of $96.40.

ONEOK Stock Down 0.3%

Shares of NYSE OKE opened at $69.05 on Wednesday. The business has a 50-day moving average price of $72.23 and a 200 day moving average price of $78.19. The stock has a market cap of $43.49 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 2.70 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 52-week low of $66.56 and a 52-week high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.01. The business had revenue of $9.17 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.During the same period in the prior year, the company earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio (DPR) is presently 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.