CHICAGO TRUST Co NA Sells 5,998 Shares of ONEOK, Inc. $OKE

Key Points

• CHICAGO TRUST Co NA reduced its stake in ONEOK, Inc. by 40.8% during Q2, now holding 8,689 shares valued at approximately $709,000.
• Analysts have mixed views on ONEOK, with a consensus price target of $100.60, while recent price targets range from $82.00 to $94.00.
• ONEOK recently announced a quarterly dividend of $1.03 per share, yielding 5.7%, with an 80.31% payout ratio.

CHICAGO TRUST Co NA decreased its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 40.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,689 shares of the utilities provider's stock after selling 5,998 shares during the period. CHICAGO TRUST Co NA's holdings in ONEOK were worth $709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OKE. Brighton Jones LLC lifted its position in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock valued at $1,534,000 after purchasing an additional 8,834 shares during the period. State of Wyoming bought a new position in ONEOK in the fourth quarter worth approximately $66,000. Mackenzie Financial Corp raised its position in ONEOK by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 95,599 shares of the utilities provider's stock worth $9,598,000 after acquiring an additional 2,562 shares during the period. Ameriflex Group Inc. bought a new position in ONEOK in the fourth quarter worth approximately $83,000. Finally, Jefferies Financial Group Inc. bought a new position in ONEOK in the fourth quarter worth approximately $1,107,000. Institutional investors own 69.13% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on OKE. Barclays set a $83.00 price target on shares of ONEOK in a research report on Thursday, August 14th. Raymond James Financial reiterated an "outperform" rating on shares of ONEOK in a research report on Friday, August 1st. Mizuho decreased their price target on shares of ONEOK from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Friday, August 29th. Royal Bank Of Canada decreased their price target 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. Finally, TD Cowen assumed coverage on shares of ONEOK in a research report on Monday, July 7th. They set a "hold" rating and a $91.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.60.

ONEOK Stock Performance

OKE opened at $72.52 on Wednesday. The stock has a market capitalization of $45.67 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.76 and a beta of 1.04. The company has a fifty day moving average of $75.99 and a 200 day moving average of $82.21. ONEOK, Inc. has a fifty-two week low of $70.63 and a fifty-two week high of $118.07. 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 (NYSE:OKE - Get Free Report) last posted its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. The company had revenue of $8.21 billion during the quarter, compared to analysts' expectations 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 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced 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. This represents a $4.12 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Friday, August 1st. ONEOK's dividend payout ratio (DPR) 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.

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