ONEOK, Inc. $OKE Shares Sold by First National Trust Co

First National Trust Co lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,111 shares of the utilities provider’s stock after selling 402 shares during the quarter. First National Trust Co’s holdings in ONEOK were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OKE. Bogart Wealth LLC boosted its position in shares of ONEOK by 3.1% during the 2nd quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 122 shares in the last quarter. Presima Securities ULC lifted its stake in 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 purchasing an additional 127 shares during the last quarter. Clearstead Trust LLC grew its holdings in shares of ONEOK by 5.0% in the 1st quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 133 shares during the last quarter. Capital Investment Advisory Services LLC raised its position 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 worth $311,000 after purchasing an additional 134 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OKE. Raymond James Financial restated an “outperform” rating and set a $82.00 price objective (down previously from $100.00) on shares of ONEOK in a report on Friday, October 24th. Barclays reduced their price target on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. Scotiabank set a $92.00 price objective on shares of ONEOK and gave the stock a “sector outperform” rating in a research report on Tuesday, July 15th. TD Cowen assumed coverage on shares of ONEOK in a research note on Monday, July 7th. They set a “hold” rating and a $91.00 target price on the stock. Finally, Royal Bank Of Canada decreased their target price on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus target price of $96.40.

ONEOK Stock Down 2.7%

OKE stock opened at $67.23 on Thursday. The company has a 50 day moving average of $72.10 and a two-hundred day moving average of $78.08. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.70 and a beta of 1.01. ONEOK, Inc. has a 12-month low of $66.56 and a 12-month high of $118.07. 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 (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.48 by $0.01. ONEOK had a net margin of 10.58% and a return on equity of 15.14%. The business had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the company posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio is presently 80.31%.

ONEOK 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.