Ashton Thomas Private Wealth LLC Has $1.78 Million Stock Position in ONEOK, Inc. $OKE

Ashton Thomas Private Wealth LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 20.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,799 shares of the utilities provider’s stock after buying an additional 3,775 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in ONEOK were worth $1,779,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Bogart Wealth LLC raised its holdings in ONEOK by 3.1% during the 2nd quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock worth $329,000 after buying an additional 122 shares during the period. Presima Securities ULC raised its holdings 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 purchasing an additional 127 shares during the last quarter. Clearstead Trust LLC raised its holdings 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 purchasing an additional 133 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings 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 purchasing an additional 134 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OKE. TD Cowen began coverage on shares of ONEOK in a report on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Barclays lowered their price objective on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. Mizuho lowered their price objective on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Finally, Raymond James Financial restated an “outperform” rating and set a $82.00 target price (down from $100.00) on shares of ONEOK in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.40.

ONEOK Trading Down 0.3%

OKE stock opened at $69.05 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46. The company has a fifty day moving average price of $72.23 and a two-hundred day moving average price of $78.19. ONEOK, Inc. has a one year low of $66.56 and a one year high of $118.07. The stock has a market cap of $43.49 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 2.70 and a beta of 1.01.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The firm had revenue of $9.17 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the business posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s payout ratio is 80.31%.

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.