Pure Financial Advisors LLC Buys Shares of 6,755 ONEOK, Inc. $OKE

Pure Financial Advisors LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 6,755 shares of the utilities provider’s stock, valued at approximately $551,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. First Pacific Financial bought a new stake in shares of ONEOK during the 1st quarter valued at $34,000. Financial Network Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 370 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of ONEOK in the 1st quarter valued at $39,000. Financial Gravity Asset Management Inc. bought a new stake in shares of ONEOK in the 1st quarter valued at $40,000. Finally, Rakuten Securities Inc. increased its position in shares of ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock valued at $42,000 after buying an additional 254 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $72.88 on Friday. The firm has a market cap of $45.89 billion, a PE ratio of 14.21, a PEG ratio of 1.78 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 1-year low of $70.63 and a 1-year high of $118.07. The company has a fifty day moving average price of $74.69 and a 200 day moving average price of $81.10.

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 analysts’ consensus estimates of $1.33 by $0.01. The firm 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 period in the prior year, the business earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

Analyst Ratings Changes

OKE has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a research report on Saturday, September 27th. Morgan Stanley lowered their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Raymond James Financial restated an “outperform” rating on shares of ONEOK in a research report on Friday, August 1st. Finally, TD Cowen initiated coverage on shares of ONEOK in a research report on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective for the company. One 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 stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

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.