ONEOK, Inc. $OKE Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in ONEOK, Inc. (NYSE:OKE) by 12.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 65,005 shares of the utilities provider’s stock after buying an additional 7,116 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ONEOK were worth $5,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OKE. First Pacific Financial acquired a new stake in shares of ONEOK in the first quarter valued at about $34,000. Financial Network Wealth Advisors LLC raised its position in shares of ONEOK by 2,466.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after buying an additional 370 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of ONEOK in the first quarter valued at about $39,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of ONEOK in the first quarter valued at about $40,000. Finally, Rakuten Securities Inc. raised its position in shares of ONEOK by 152.1% in the first quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock valued at $42,000 after buying an additional 254 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.7%

Shares of OKE stock opened at $69.60 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a market cap of $43.83 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company has a 50-day moving average of $73.47 and a two-hundred day moving average of $79.61. ONEOK, Inc. has a 1-year low of $69.05 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $8.21 billion during 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 last year, the firm posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Friday, August 1st. ONEOK’s dividend payout ratio (DPR) is 80.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OKE. JPMorgan Chase & Co. increased their target price on shares of ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Royal Bank Of Canada dropped their price objective 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. Morgan Stanley dropped their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, August 26th. The Goldman Sachs Group began coverage on shares of ONEOK in a report on Tuesday, September 30th. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and a consensus price target of $98.69.

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.