630 Shares in ONEOK, Inc. $OKE Acquired by CNB Bank

CNB Bank purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 630 shares of the utilities provider’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Network Wealth Advisors LLC raised its position in shares of ONEOK by 2,466.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock worth $38,000 after buying an additional 370 shares during the period. MorganRosel Wealth Management LLC purchased a new position in shares of ONEOK in the 1st quarter worth about $39,000. Financial Gravity Asset Management Inc. acquired a new position in shares of ONEOK in the 1st quarter valued at about $40,000. Trust Co. of Toledo NA OH purchased a new stake in shares of ONEOK during the 2nd quarter worth about $42,000. Finally, Cheviot Value Management LLC acquired a new stake in ONEOK during the 1st quarter worth approximately $46,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKE has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. Mizuho lowered their price target on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Barclays reduced their price objective on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 target price (down previously from $100.00) on shares of ONEOK in a research report on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a research report on Saturday. 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. According to data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $96.40.

ONEOK Trading Down 1.7%

NYSE:OKE opened at $68.60 on Friday. The stock has a market cap of $43.20 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. ONEOK, Inc. has a one year low of $66.56 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. The business’s 50-day simple moving average is $72.40 and its 200 day simple moving average is $78.42.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.20 billion. During the same quarter last year, the firm earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal 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 paid 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 is Monday, November 3rd. ONEOK’s dividend payout ratio is 80.31%.

ONEOK Company 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.