Heck Capital Advisors LLC Acquires 311 Shares of ONEOK, Inc. $OKE

Heck Capital Advisors LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 7.7% in the second quarter, HoldingsChannel.com reports. The fund owned 4,347 shares of the utilities provider’s stock after buying an additional 311 shares during the quarter. Heck Capital Advisors LLC’s holdings in ONEOK were worth $355,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Pacific Financial purchased a new stake in ONEOK during the 1st quarter valued at approximately $34,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of ONEOK by 2,466.7% in the first 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 in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of ONEOK during the first quarter worth $39,000. Financial Gravity Asset Management Inc. purchased a new position in ONEOK during the first quarter valued at $40,000. Finally, Rakuten Securities Inc. increased its holdings in ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of several research reports. 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. TD Cowen initiated coverage on ONEOK in a research note on Monday, July 7th. They set a “hold” rating and a $91.00 price target for the company. Mizuho reduced their price objective on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. Morgan Stanley lowered their target price on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.00.

ONEOK Price Performance

ONEOK stock opened at $72.72 on Tuesday. The firm has a 50-day moving average price of $74.50 and a 200-day moving average price of $80.64. The firm has a market capitalization of $45.80 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.79 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 12-month low of $70.63 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.20 billion. During the same period in the prior year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, August 1st. ONEOK’s dividend payout ratio (DPR) is currently 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.