Lbp Am Sa Trims Stock Position in ONEOK, Inc. $OKE

Lbp Am Sa cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 47.8% during the second quarter, Holdings Channel.com reports. The firm owned 99,025 shares of the utilities provider’s stock after selling 90,701 shares during the quarter. Lbp Am Sa’s holdings in ONEOK were worth $8,083,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Presima Securities ULC boosted its holdings in shares of ONEOK by 1.4% in the 1st quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock valued at $940,000 after buying an additional 127 shares in the last quarter. Morey & Quinn Wealth Partners LLC boosted its holdings in shares of ONEOK by 0.8% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider’s stock valued at $1,560,000 after buying an additional 130 shares in the last quarter. Clearstead Trust LLC boosted 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 valued at $277,000 after buying an additional 133 shares in the last quarter. BankPlus Wealth Management LLC boosted its holdings in shares of ONEOK by 2.8% in the 1st quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider’s stock valued at $485,000 after buying an additional 134 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of ONEOK by 4.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock valued at $311,000 after buying an additional 134 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the subject of several research analyst reports. Scotiabank set a $92.00 target price on shares of ONEOK and gave the company a “sector outperform” rating in a report on Tuesday, July 15th. Raymond James Financial reiterated an “outperform” rating on shares of ONEOK in a research report on Friday, August 1st. TD Cowen assumed coverage on shares of ONEOK in a research report on Monday, July 7th. They issued a “hold” rating and a $91.00 price target for the company. Morgan Stanley reduced their price target 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. Finally, JPMorgan Chase & Co. upped their price target on shares of ONEOK from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $99.00.

ONEOK Stock Down 0.0%

Shares of ONEOK stock opened at $72.93 on Thursday. The company has a market cap of $45.93 billion, a P/E ratio of 14.22, a PEG ratio of 1.79 and a beta of 1.01. 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 one year low of $70.63 and a one year high of $118.07. The firm has a fifty day moving average of $75.05 and a two-hundred day moving average of $81.45.

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

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were given a dividend of $1.03 per share. The ex-dividend date was Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a yield of 5.6%. 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.