Texas Yale Capital Corp. Sells 19,979 Shares of ONEOK, Inc. $OKE

Texas Yale Capital Corp. decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 16.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,073 shares of the utilities provider’s stock after selling 19,979 shares during the period. Texas Yale Capital Corp.’s holdings in ONEOK were worth $8,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Network Wealth Advisors LLC lifted its position in ONEOK by 2,466.7% during the first 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 during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of ONEOK during the 1st quarter valued at about $40,000. Access Investment Management LLC bought a new position in shares of ONEOK in the 2nd quarter worth approximately $33,000. Cheviot Value Management LLC bought a new position in shares of ONEOK during the 1st quarter valued at approximately $46,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of ONEOK during the second quarter worth about $42,000. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

NYSE OKE opened at $67.82 on Friday. The company has a market cap of $42.67 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.62 and a beta of 1.05. 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 stock’s fifty day moving average price is $71.08 and its 200 day moving average price is $77.35. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The firm had revenue of $9.17 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.1%. ONEOK’s dividend payout ratio (DPR) is presently 75.74%.

Wall Street Analyst Weigh In

Several brokerages have commented on OKE. Scotiabank decreased their price target on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price target (down from $100.00) on shares of ONEOK in a research note on Friday, October 24th. Morgan Stanley reduced their price target on ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, August 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $72.00 price target on shares of ONEOK in a research note on Monday. Finally, Barclays reduced their price objective on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.94.

Insider Buying and Selling at ONEOK

In other news, Director Brian L. Derksen acquired 2,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the completion of the transaction, the director owned 21,200 shares in the company, valued at approximately $1,399,200. The trade was a 13.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

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.