Corps Capital Advisors LLC Sells 15,588 Shares of ONEOK, Inc. $OKE

Corps Capital Advisors LLC reduced its position in shares of ONEOK, Inc. (NYSE:OKE) by 26.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,850 shares of the utilities provider’s stock after selling 15,588 shares during the quarter. ONEOK accounts for 5.6% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Corps Capital Advisors LLC’s holdings in ONEOK were worth $3,498,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC raised its stake in ONEOK by 2,466.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 370 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of ONEOK in the first quarter worth $40,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the second quarter worth $33,000. Cheviot Value Management LLC acquired a new position in shares of ONEOK in the first quarter worth $46,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of ONEOK in the second quarter worth $42,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OKE shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price target (down from $100.00) on shares of ONEOK in a research note on Friday, October 24th. Scotiabank dropped their price target on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Morgan Stanley lowered their target price on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $94.00 target price on shares of ONEOK in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.80.

ONEOK Trading Down 1.6%

ONEOK stock opened at $64.30 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.46. The company has a market capitalization of $40.46 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.62 and a beta of 1.01. ONEOK, Inc. has a one year low of $64.02 and a one year high of $118.07. The company’s fifty day moving average price is $71.42 and its two-hundred day moving average price is $77.50.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.01. The company had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period last year, the business posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio (DPR) is currently 75.74%.

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.