ONEOK, Inc. $OKE Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 39.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,756 shares of the utilities provider’s stock after buying an additional 495 shares during the quarter. Crewe Advisors LLC’s holdings in ONEOK were worth $143,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. First Pacific Financial purchased a new stake in shares of ONEOK in the first quarter valued at about $34,000. Financial Network Wealth Advisors LLC boosted its holdings in ONEOK by 2,466.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 370 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in ONEOK in the 1st quarter valued at approximately $39,000. Financial Gravity Asset Management Inc. acquired a new position in ONEOK during the 1st quarter worth approximately $40,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of ONEOK during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Mizuho decreased their price target on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. TD Cowen began coverage on shares of ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective for the company. Finally, Barclays lowered 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, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.27.

ONEOK Price Performance

ONEOK stock opened at $68.08 on Monday. The firm has a market capitalization of $42.88 billion, a PE ratio of 13.27, a P/E/G ratio of 1.67 and a beta of 1.01. ONEOK, Inc. has a 52 week low of $66.56 and a 52 week high of $118.07. The firm’s 50-day simple moving average is $72.92 and its 200 day simple moving average is $78.78. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) 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 company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.20 billion. During the same quarter in the previous year, the business posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, November 3rd. ONEOK’s dividend payout ratio is 80.31%.

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.