Alpine Woods Capital Investors LLC Has $2.94 Million Stock Position in ONEOK, Inc. $OKE

Alpine Woods Capital Investors LLC decreased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,974 shares of the utilities provider’s stock after selling 1,512 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in ONEOK were worth $2,937,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Presima Securities ULC increased its position in shares of ONEOK by 1.4% during the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock worth $940,000 after purchasing an additional 127 shares during the last quarter. Clearstead Trust LLC increased its position in shares of ONEOK by 5.0% during 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 during the last quarter. BankPlus Wealth Management LLC increased its position in shares of ONEOK by 2.8% during 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 during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of ONEOK by 4.5% during 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 during the last quarter. Finally, Empowered Funds LLC increased its position in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE stock opened at $69.60 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a twelve month low of $69.05 and a twelve month high of $118.07. The company has a market cap of $43.83 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.69 and a beta of 1.01. The business has a fifty day simple moving average of $73.47 and a 200 day simple moving average of $79.61.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. During the same period in the prior year, the company earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, August 1st. ONEOK’s dividend payout ratio is currently 80.31%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OKE. TD Cowen began coverage on ONEOK in a report on Monday, July 7th. They set a “hold” rating and a $91.00 target price on the stock. The Goldman Sachs Group began coverage on ONEOK in a report on Tuesday, September 30th. They set a “neutral” rating and a $75.00 target price on the stock. Barclays decreased their target price on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday. Scotiabank set a $92.00 target price on ONEOK and gave the stock a “sector outperform” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.69.

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.