Kestra Advisory Services LLC Sells 15,457 Shares of ONEOK, Inc. $OKE

Kestra Advisory Services LLC decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,701 shares of the utilities provider’s stock after selling 15,457 shares during the quarter. Kestra Advisory Services LLC’s holdings in ONEOK were worth $11,877,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Marcum Wealth LLC grew its position in ONEOK by 1.1% in the 1st quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider’s stock valued at $1,017,000 after purchasing an additional 108 shares during the period. West Paces Advisors Inc. boosted its holdings in ONEOK by 4.7% during the 4th quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 114 shares during the last quarter. Morey & Quinn Wealth Partners LLC boosted its holdings in ONEOK by 0.8% during the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider’s stock worth $1,560,000 after acquiring an additional 130 shares during the last quarter. Visionary Wealth Advisors boosted its holdings in ONEOK by 2.1% during the 4th quarter. Visionary Wealth Advisors now owns 6,320 shares of the utilities provider’s stock worth $635,000 after acquiring an additional 132 shares during the last quarter. Finally, Clearstead Trust LLC boosted its holdings in ONEOK by 5.0% during 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. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $74.7430 on Friday. 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, Inc. has a fifty-two week low of $72.18 and a fifty-two week high of $118.07. The stock has a 50 day moving average price of $79.34 and a two-hundred day moving average price of $85.71. The company has a market capitalization of $47.07 billion, a P/E ratio of 14.57, a PEG ratio of 1.77 and a beta of 0.99.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.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 company posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Friday, August 1st. ONEOK’s dividend payout ratio is currently 80.31%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup cut their price objective on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating on shares of ONEOK in a research note on Friday, August 1st. TD Cowen started coverage on ONEOK in a research note on Monday, July 7th. They issued a “hold” rating and a $91.00 target price for the company. Wells Fargo & Company cut their target price on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada lowered their price objective 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 investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.57.

About ONEOK

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.