Texas Yale Capital Corp. Has $8.17 Million Holdings in ONEOK, Inc. $OKE

Texas Yale Capital Corp. decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,073 shares of the utilities provider’s stock after selling 19,979 shares during the quarter. Texas Yale Capital Corp.’s holdings in ONEOK were worth $8,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OKE. Vanguard Group Inc. boosted its stake in shares of ONEOK by 7.2% in the first quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider’s stock valued at $7,461,043,000 after buying an additional 5,076,705 shares during the period. Nuveen LLC acquired a new position in ONEOK in the 1st quarter valued at $440,535,000. Boston Partners bought a new stake in shares of ONEOK during the 1st quarter valued at $353,596,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ONEOK by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider’s stock worth $2,079,376,000 after purchasing an additional 2,542,449 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in ONEOK by 51.9% in the first quarter. Wellington Management Group LLP now owns 6,388,987 shares of the utilities provider’s stock valued at $633,915,000 after purchasing an additional 2,182,081 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OKE shares. Royal Bank Of Canada dropped their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. The Goldman Sachs Group restated a “neutral” rating and set a $72.00 target price on shares of ONEOK in a research note on Monday. Scotiabank decreased their price target on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Citigroup dropped their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Wells Fargo & Company reduced their price objective on ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $91.94.

ONEOK Price Performance

ONEOK stock opened at $67.82 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $118.07. 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 firm has a market capitalization of $42.67 billion, a P/E ratio of 12.47, a PEG ratio of 2.62 and a beta of 1.05. The business has a fifty day moving average price of $71.08 and a 200-day moving average price of $77.35.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. The company had revenue of $9.17 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the business earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced 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 6.1%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio (DPR) is currently 75.74%.

Insider Transactions at ONEOK

In related news, Director Brian L. Derksen acquired 2,500 shares of the stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $66.00 per share, for a total transaction of $165,000.00. Following the completion of the acquisition, the director directly owned 21,200 shares of the company’s stock, valued at approximately $1,399,200. This represents a 13.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

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.