Burney Co. Has $490,000 Stock Holdings in ONEOK, Inc. $OKE

Burney Co. decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,002 shares of the utilities provider’s stock after selling 898 shares during the period. Burney Co.’s holdings in ONEOK were worth $490,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bogart Wealth LLC raised its holdings in ONEOK by 3.1% during the second quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock worth $329,000 after buying an additional 122 shares during the last quarter. Presima Securities ULC raised its holdings in 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 buying an additional 127 shares during the last quarter. Clearstead Trust LLC raised its holdings in ONEOK by 5.0% during the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock worth $277,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC grew its stake 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 worth $1,782,000 after acquiring an additional 137 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. grew its stake in shares of ONEOK by 5.8% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 2,540 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Activity

In other news, Director Brian L. Derksen purchased 2,500 shares of the stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of $66.00 per share, with a total value of $165,000.00. Following the completion of the acquisition, the director owned 21,200 shares in the company, valued at $1,399,200. This represents a 13.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of several recent analyst reports. Barclays reduced their target price on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research note on Thursday, October 9th. Stifel Nicolaus set a $94.00 target price on shares of ONEOK in a research note on Thursday, October 30th. Mizuho reduced their target price on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. Royal Bank Of Canada reduced their target price on shares of 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 reiterated a “neutral” rating and issued a $72.00 target price on shares of ONEOK in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.80.

ONEOK Price Performance

NYSE OKE opened at $66.28 on Thursday. The company has a market cap of $41.71 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.62 and a beta of 1.01. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $118.07. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $71.24 and its two-hundred day simple moving average is $77.42.

ONEOK (NYSE:OKE) last announced its quarterly 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. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. The firm had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio 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.