ONEOK, Inc. $OKE Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE) by 82.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,605 shares of the utilities provider’s stock after selling 41,316 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ONEOK were worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Presima Securities ULC grew its stake in shares of ONEOK by 1.4% in the first quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after buying an additional 127 shares in the last quarter. Morey & Quinn Wealth Partners LLC grew its stake in shares of ONEOK by 0.8% in the first quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider’s stock valued at $1,560,000 after buying an additional 130 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of ONEOK by 5.0% in the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock valued at $277,000 after buying an additional 133 shares in the last quarter. BankPlus Wealth Management LLC grew its stake in shares of ONEOK by 2.8% in the first quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock valued at $485,000 after buying an additional 134 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in shares of ONEOK by 4.5% in the first quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock valued at $311,000 after buying an additional 134 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Down 0.1%

ONEOK stock opened at $72.41 on Thursday. ONEOK, Inc. has a fifty-two week low of $70.63 and a fifty-two week high of $118.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of $45.60 billion, a P/E ratio of 14.12, a PEG ratio of 1.78 and a beta of 1.01. The stock has a 50-day simple moving average of $74.09 and a 200-day simple moving average of $80.53.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. During the same period in the prior year, the business earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Equities research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were given a dividend of $1.03 per share. The ex-dividend date was Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.7%. ONEOK’s payout ratio is presently 80.31%.

Analyst Ratings Changes

Several research analysts recently commented on OKE shares. Mizuho lowered their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. JPMorgan Chase & Co. boosted their target price on ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. The Goldman Sachs Group started coverage on ONEOK in a research note on Tuesday, September 30th. They set a “neutral” rating and a $75.00 target price for the company. TD Cowen started coverage on ONEOK in a research note on Monday, July 7th. They set a “hold” rating and a $91.00 target price for the company. Finally, Morgan Stanley lowered their target price on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.00.

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.