Aberdeen Group plc Buys 96,128 Shares of ONEOK, Inc. $OKE

Key Points

• Aberdeen Group plc increased its stake in ONEOK, Inc. by 17.2%, acquiring an additional 96,128 shares, bringing their total ownership to 653,794 shares valued at approximately $53.4 million.
• ONEOK reported an earnings per share (EPS) of $1.34 for the last quarter, surpassing analysts' estimates of $1.33, alongside revenues of $8.21 billion compared to expected revenues of $7.20 billion.
• The company announced a quarterly dividend of $1.03 per share, representing an annualized dividend of $4.12 and a dividend yield of 6.0%.

Aberdeen Group plc increased its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 653,794 shares of the utilities provider's stock after buying an additional 96,128 shares during the quarter. Aberdeen Group plc owned 0.10% of ONEOK worth $53,428,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Presima Securities ULC raised its position in 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 purchasing an additional 127 shares during the last quarter. Morey & Quinn Wealth Partners LLC raised its position in 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 purchasing an additional 130 shares during the last quarter. Clearstead Trust LLC raised 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 purchasing an additional 133 shares during the last quarter. BankPlus Wealth Management LLC raised its position in 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 purchasing an additional 134 shares during the last quarter. Finally, 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 valued at $311,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 2.9%

Shares of ONEOK stock opened at $69.22 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 12 month low of $69.08 and a 12 month high of $118.07. The business has a fifty day simple moving average of $73.67 and a 200 day simple moving average of $79.94. The stock has a market cap of $43.59 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) 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. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The business had revenue of $8.21 billion during the quarter, compared to analysts' expectations of $7.20 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.0%. ONEOK's payout ratio is 80.31%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on ONEOK in a research report on Tuesday, September 30th. They issued a "neutral" rating and a $75.00 price objective for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of ONEOK in a research note on Wednesday. Mizuho lowered their target price on ONEOK from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Friday, August 29th. Scotiabank set a $92.00 target price on ONEOK and gave the company a "sector outperform" rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued 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 a consensus price target of $98.69.

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.

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