Valley Brook Capital Group Inc. Sells 300 Shares of ONEOK, Inc. $OKE

Valley Brook Capital Group Inc. reduced its position in ONEOK, Inc. (NYSE:OKE) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,782 shares of the utilities provider’s stock after selling 300 shares during the period. Valley Brook Capital Group Inc.’s holdings in ONEOK were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Presima Securities ULC boosted its holdings in shares of ONEOK by 1.4% in the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after buying an additional 127 shares in the last quarter. Morey & Quinn Wealth Partners LLC boosted its stake in ONEOK by 0.8% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider’s stock worth $1,560,000 after purchasing an additional 130 shares in the last quarter. Clearstead Trust LLC boosted its stake in ONEOK by 5.0% in the 1st quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 133 shares in the last quarter. BankPlus Wealth Management LLC boosted its stake in ONEOK by 2.8% in the 1st quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock worth $485,000 after purchasing an additional 134 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its stake in ONEOK by 4.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 134 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Performance

OKE opened at $69.22 on Friday. ONEOK, Inc. has a 12-month low of $69.08 and a 12-month high of $118.07. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $43.59 billion, a PE ratio of 13.49, a P/E/G ratio of 1.70 and a beta of 1.01. The firm has a 50 day moving average of $73.67 and a two-hundred day moving average of $79.94.

ONEOK (NYSE:OKE) last posted its quarterly 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 analyst estimates of $7.20 billion. During the same period last year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Friday, August 1st. ONEOK’s payout ratio is currently 80.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OKE shares. The Goldman Sachs Group started coverage on shares of ONEOK in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $75.00 target price for the company. Scotiabank set a $92.00 target price on shares of ONEOK and gave the stock a “sector outperform” rating in a research note on Tuesday, July 15th. TD Cowen started coverage on shares of ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 target price for the company. Royal Bank Of Canada lowered their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $98.69.

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.