Clarity Financial LLC Has $14.97 Million Holdings in ONEOK, Inc. $OKE

Key Points

• Clarity Financial LLC increased its holdings in ONEOK, Inc. by 35.6%, owning 183,416 shares valued at approximately $14.97 million after acquiring 48,166 additional shares during the 2nd quarter.
• ONEOK recently reported an EPS of $1.34, surpassing estimates, with a net margin of 11.06% and set its FY 2025 guidance at $5.370 EPS.
• The company's quarterly dividend was announced at $1.03 per share, yielding 5.6% based on an annualized rate of $4.12, with a payout ratio of 80.31%.

Clarity Financial LLC raised its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 35.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,416 shares of the utilities provider's stock after buying an additional 48,166 shares during the quarter. ONEOK accounts for approximately 1.6% of Clarity Financial LLC's holdings, making the stock its 27th biggest holding. Clarity Financial LLC's holdings in ONEOK were worth $14,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKE. Vanguard Group Inc. increased its holdings in ONEOK by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider's stock valued at $7,461,043,000 after buying an additional 5,076,705 shares during the period. Nuveen LLC bought a new stake in ONEOK in the 1st quarter valued at $440,535,000. Boston Partners bought a new stake in ONEOK in the 1st quarter valued at $353,596,000. Charles Schwab Investment Management Inc. increased its holdings in ONEOK by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider's stock valued at $2,079,376,000 after buying an additional 2,542,449 shares during the period. Finally, Wellington Management Group LLP increased its holdings in ONEOK by 51.9% in the 1st quarter. Wellington Management Group LLP now owns 6,388,987 shares of the utilities provider's stock valued at $633,915,000 after buying an additional 2,182,081 shares during the period. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 0.0%

Shares of NYSE:OKE opened at $72.93 on Thursday. ONEOK, Inc. has a 12 month low of $70.63 and a 12 month high of $118.07. The company's 50-day moving average price is $75.05 and its two-hundred day moving average price is $81.45. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The firm has a market cap of $45.93 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.79 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last issued 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 net margin of 11.06% and a return on equity of 14.90%. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were given a dividend of $1.03 per share. The ex-dividend date was Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a yield of 5.6%. ONEOK's dividend payout ratio is presently 80.31%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OKE shares. TD Cowen began coverage on shares of ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 price target on the stock. Royal Bank Of Canada lowered their target price on shares of ONEOK from $94.00 to $88.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their target price on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. The Goldman Sachs Group began coverage on shares of ONEOK in a report on Tuesday. They issued a "neutral" rating and a $75.00 target price on the stock. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of ONEOK in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $99.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.