Corps Capital Advisors LLC Has $3.50 Million Stake in ONEOK, Inc. $OKE

Corps Capital Advisors LLC lessened its stake in ONEOK, Inc. (NYSE:OKE) by 26.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,850 shares of the utilities provider’s stock after selling 15,588 shares during the period. ONEOK comprises 5.6% of Corps Capital Advisors LLC’s portfolio, making the stock its 4th biggest holding. Corps Capital Advisors LLC’s holdings in ONEOK were worth $3,498,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Morningstar Investment Management LLC lifted its stake in ONEOK by 18.2% during the second quarter. Morningstar Investment Management LLC now owns 27,375 shares of the utilities provider’s stock worth $2,235,000 after purchasing an additional 4,206 shares during the period. Dark Forest Capital Management LP lifted its stake in ONEOK by 409.5% during the first 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 period. Jackson Hole Capital Partners LLC lifted its stake in ONEOK by 24.6% during the second quarter. Jackson Hole Capital Partners LLC now owns 81,923 shares of the utilities provider’s stock worth $6,687,000 after purchasing an additional 16,151 shares during the period. Prudent Man Advisors LLC lifted its stake in ONEOK by 83.2% during the second quarter. Prudent Man Advisors LLC now owns 13,388 shares of the utilities provider’s stock worth $1,093,000 after purchasing an additional 6,082 shares during the period. Finally, Andrew Hill Investment Advisors Inc. bought a new position in shares of ONEOK in the second quarter valued at approximately $3,671,000. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $72.00 price objective on shares of ONEOK in a research report on Monday. Royal Bank Of Canada decreased their price objective on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 13th. Scotiabank decreased their price target on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a report on Tuesday. Stifel Nicolaus set a $94.00 price target on shares of ONEOK in a report on Thursday, October 30th. Finally, Morgan Stanley reduced their target price on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.80.

ONEOK Trading Down 1.6%

ONEOK stock opened at $64.30 on Wednesday. The firm has a 50-day moving average of $71.42 and a 200-day moving average of $77.50. ONEOK, Inc. has a one year low of $64.02 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.46. The company has a market cap of $40.46 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 2.62 and a beta of 1.01.

ONEOK (NYSE:OKE) last posted 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. The company had revenue of $9.17 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period in the prior year, the business posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared 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 6.4%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s payout ratio is 75.74%.

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.