Partners Group Holding AG Buys Shares of 2,470 ONEOK, Inc. $OKE

Partners Group Holding AG bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,470 shares of the utilities provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC increased its holdings in ONEOK by 2,466.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 370 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of ONEOK in the 1st quarter valued at about $40,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 2nd quarter valued at about $33,000. Cheviot Value Management LLC bought a new stake in shares of ONEOK in the 1st quarter valued at about $46,000. Finally, Trust Co. of Toledo NA OH bought a new stake in ONEOK in the second quarter valued at approximately $42,000. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup lowered their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday. Morgan Stanley lowered their price objective on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. TD Cowen lowered their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Finally, Barclays lowered their price target on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.13.

ONEOK Price Performance

OKE stock opened at $65.37 on Tuesday. The stock has a 50-day moving average price of $71.62 and a two-hundred day moving average price of $77.65. The stock has a market cap of $41.13 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.62 and a beta of 1.01. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 1.44. ONEOK, Inc. has a 1 year low of $64.28 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The firm had revenue of $9.17 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same quarter in the prior year, the company earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.3%. ONEOK’s dividend payout ratio (DPR) is presently 75.74%.

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.