ONEOK, Inc. $OKE Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in ONEOK, Inc. (NYSE:OKE) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,003 shares of the utilities provider’s stock after purchasing an additional 1,434 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in ONEOK were worth $16,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC raised its holdings in shares of ONEOK by 3.1% during the second quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 122 shares during the last quarter. Presima Securities ULC raised its holdings in shares of ONEOK by 1.4% during the first quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after acquiring an additional 127 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of ONEOK by 5.0% during the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 133 shares during the last quarter. BankPlus Wealth Management LLC raised its holdings in shares of ONEOK by 2.8% during the first quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 134 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its holdings in shares of ONEOK by 4.5% during the first quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $68.60 on Friday. 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 stock has a market cap of $43.20 billion, a PE ratio of 13.37, a P/E/G ratio of 2.68 and a beta of 1.01. The stock has a 50 day moving average price of $72.40 and a 200 day moving average price of $78.42.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.20 billion. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.During the same quarter last year, the firm earned $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $4.12 annualized dividend and a yield of 6.0%. ONEOK’s dividend payout ratio (DPR) is 80.31%.

Analyst Ratings Changes

A number of equities analysts have commented on OKE shares. Royal Bank Of Canada reduced their target price on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. Scotiabank set a $92.00 target price on ONEOK and gave the company a “sector outperform” rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ONEOK in a report on Saturday. Mizuho cut 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. Finally, The Goldman Sachs Group began coverage on ONEOK in a report on Tuesday, September 30th. They issued a “neutral” rating and a $75.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.40.

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.