KDT Advisors LLC Has $249,000 Stock Position in ONEOK, Inc. $OKE

KDT Advisors LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 39.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,050 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. KDT Advisors LLC’s holdings in ONEOK were worth $249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC increased its stake in ONEOK by 3.1% in 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 period. Presima Securities ULC grew 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 worth $940,000 after purchasing an additional 127 shares during the last quarter. Clearstead Trust LLC increased its position in 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 acquiring an additional 133 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in ONEOK by 4.5% in the 1st 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 last quarter. Finally, Empowered Funds LLC lifted its stake in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen dropped their price objective on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a research report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $82.00 price target (down from $100.00) on shares of ONEOK in a research report on Friday, October 24th. 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 note on Wednesday, August 13th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of ONEOK in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.33.

ONEOK Stock Performance

Shares of NYSE OKE opened at $67.09 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.46. The stock’s fifty day moving average price is $71.81 and its two-hundred day moving average price is $77.80. ONEOK, Inc. has a one year low of $65.89 and a one year high of $118.07. The firm has a market cap of $42.25 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.62 and a beta of 1.01.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period in the prior year, the company posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $4.12 annualized dividend and a dividend yield of 6.1%. ONEOK’s dividend payout ratio is currently 75.74%.

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.