Autumn Glory Partners LLC Buys 1,839 Shares of ONEOK, Inc. $OKE

Autumn Glory Partners LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,055 shares of the utilities provider’s stock after buying an additional 1,839 shares during the quarter. ONEOK comprises about 3.0% of Autumn Glory Partners LLC’s portfolio, making the stock its 4th biggest holding. Autumn Glory Partners LLC’s holdings in ONEOK were worth $6,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. First Pacific Financial acquired a new position in ONEOK in the first quarter valued at about $34,000. Financial Network Wealth Advisors LLC lifted its position in 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 position in ONEOK in the first quarter valued at about $39,000. Financial Gravity Asset Management Inc. acquired a new position in ONEOK in the first quarter valued at about $40,000. Finally, Rakuten Securities Inc. lifted its position in 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. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 0.6%

OKE stock opened at $72.88 on Monday. The company’s 50 day moving average price is $74.69 and its 200 day moving average price is $80.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. ONEOK, Inc. has a fifty-two week low of $70.63 and a fifty-two week high of $118.07. The firm has a market capitalization of $45.89 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.79 and a beta of 1.01.

ONEOK (NYSE:OKE) last released 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. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on OKE. Royal Bank Of Canada decreased their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. TD Cowen started coverage on shares of ONEOK in a research note on Monday, July 7th. They set a “hold” rating and a $91.00 price target on the stock. The Goldman Sachs Group started coverage on shares of ONEOK in a research note on Tuesday, September 30th. They set a “neutral” rating and a $75.00 price target on the stock. Finally, Scotiabank set a $92.00 price target on shares of ONEOK and gave the stock a “sector outperform” rating in a research note on Tuesday, July 15th. One research 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 stock. According to data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target 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.