ONEOK, Inc. $OKE Shares Bought by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,113 shares of the utilities provider’s stock after purchasing an additional 1,872 shares during the period. GW Henssler & Associates Ltd.’s holdings in ONEOK were worth $10,866,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP grew its stake in shares of ONEOK by 409.5% in the 1st quarter. Dark Forest Capital Management LP now owns 40,372 shares of the utilities provider’s stock worth $4,006,000 after purchasing an additional 32,448 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of ONEOK by 146.9% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 18,033 shares of the utilities provider’s stock worth $1,789,000 after purchasing an additional 10,728 shares during the last quarter. Advisor Resource Council acquired a new position in shares of ONEOK in the 1st quarter worth approximately $511,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of ONEOK in the 2nd quarter worth approximately $3,671,000. Finally, Banco Santander S.A. grew its stake in shares of ONEOK by 22.2% in the 1st quarter. Banco Santander S.A. now owns 26,824 shares of the utilities provider’s stock worth $2,661,000 after purchasing an additional 4,880 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

OKE stock opened at $69.22 on Friday. 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 stock has a market cap of $43.59 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.70 and a beta of 1.01. The firm has a 50 day simple moving average of $73.67 and a 200 day simple moving average of $79.94. ONEOK, Inc. has a 52 week low of $69.08 and a 52 week high of $118.07.

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

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Friday, August 1st. ONEOK’s dividend payout ratio (DPR) is currently 80.31%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OKE shares. The Goldman Sachs Group started coverage on shares of ONEOK in a research report on Tuesday, September 30th. They issued a “neutral” rating and a $75.00 target price on the stock. Morgan Stanley dropped 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. Mizuho dropped their target price on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Barclays dropped their target price on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.69.

About ONEOK

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.