Capital Management Corp VA Has $12.53 Million Stock Holdings in ONEOK, Inc. $OKE

Capital Management Corp VA trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,432 shares of the utilities provider’s stock after selling 4,330 shares during the quarter. ONEOK makes up about 2.1% of Capital Management Corp VA’s portfolio, making the stock its 20th biggest holding. Capital Management Corp VA’s holdings in ONEOK were worth $12,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morningstar Investment Management LLC raised its position 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 acquiring an additional 4,206 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in shares of ONEOK by 409.5% in the 1st quarter. Dark Forest Capital Management LP now owns 40,372 shares of the utilities provider’s stock valued at $4,006,000 after purchasing an additional 32,448 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of ONEOK by 146.9% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 18,033 shares of the utilities provider’s stock valued at $1,789,000 after purchasing an additional 10,728 shares during the period. Advisor Resource Council acquired a new stake in ONEOK in the 1st quarter valued at about $511,000. Finally, Andrew Hill Investment Advisors Inc. bought a new position in ONEOK during the second quarter worth about $3,671,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.0%

OKE stock opened at $69.59 on Wednesday. ONEOK, Inc. has a 52 week low of $68.25 and a 52 week high of $118.07. The company has a market capitalization of $43.82 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. The company’s 50-day simple moving average is $73.34 and its 200 day simple moving average is $79.54. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen started coverage on ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of ONEOK in a report on Friday, August 1st. Scotiabank set a $92.00 price objective on shares of ONEOK and gave the company a “sector outperform” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised 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. Finally, Morgan Stanley decreased their price target on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target 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.