Clarius Group LLC Sells 549 Shares of ONEOK, Inc. $OKE

Clarius Group LLC lowered its holdings in ONEOK, Inc. (NYSE:OKE) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,341 shares of the utilities provider’s stock after selling 549 shares during the quarter. Clarius Group LLC’s holdings in ONEOK were worth $273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Pacific Financial acquired a new position in ONEOK during the 1st quarter worth about $34,000. Financial Network Wealth Advisors LLC raised its stake in shares of ONEOK by 2,466.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 370 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new position in shares of ONEOK during the first quarter worth approximately $39,000. Financial Gravity Asset Management Inc. acquired a new position in shares of ONEOK during the first quarter worth approximately $40,000. Finally, Rakuten Securities Inc. grew its stake in shares of ONEOK by 152.1% during the first quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 254 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

Shares of OKE opened at $72.72 on Tuesday. The stock has a market cap of $45.80 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.79 and a beta of 1.01. ONEOK, Inc. has a 1 year low of $70.63 and a 1 year high of $118.07. The stock’s 50-day moving average price is $74.50 and its two-hundred day moving average price is $80.64. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $8.21 billion for 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 period last year, the company posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, equities analysts predict 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. Investors of record on Friday, August 1st were given a $1.03 dividend. The ex-dividend date was Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. ONEOK’s dividend payout ratio is currently 80.31%.

Analysts Set New Price Targets

Several research firms recently weighed in on OKE. TD Cowen initiated coverage on shares of ONEOK in a research report on Monday, July 7th. They issued a “hold” rating and a $91.00 price objective for the company. The Goldman Sachs Group started coverage on ONEOK in a research report on Tuesday, September 30th. They set a “neutral” rating and a $75.00 target price for the company. Mizuho decreased their price target on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Finally, Royal Bank Of Canada cut their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

ONEOK Company 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.