Commerzbank Aktiengesellschaft FI Purchases 17,297 Shares of ONEOK, Inc. $OKE

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in ONEOK, Inc. by 115.9% in Q2, acquiring 17,297 shares and bringing their total holdings to 32,218 shares worth approximately $2.63 million.
• ONEOK recently announced a quarterly dividend of $1.03 per share, yielding 5.8%, with a payout ratio of 80.31%.
• Analysts have mixed opinions on ONEOK, with target prices ranging from $75.00 to $110.00, and a consensus rating of "Moderate Buy".

Commerzbank Aktiengesellschaft FI raised its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 115.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,218 shares of the utilities provider's stock after buying an additional 17,297 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in ONEOK were worth $2,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in ONEOK in the 1st quarter valued at $34,000. Financial Network Wealth Advisors LLC grew its holdings in ONEOK by 2,466.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider's stock valued at $38,000 after buying an additional 370 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in ONEOK in the 1st quarter valued at $39,000. Financial Gravity Asset Management Inc. acquired a new position in ONEOK in the 1st quarter valued at $40,000. Finally, Rakuten Securities Inc. grew its holdings in ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider's stock valued at $42,000 after buying an additional 254 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays cut their target price on ONEOK from $83.00 to $78.00 and set an "equal weight" rating for the company in a research report on Thursday. Raymond James Financial reiterated an "outperform" rating on shares of ONEOK in a research report on Friday, August 1st. The Goldman Sachs Group assumed 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. TD Cowen assumed coverage on ONEOK in a research report on Monday, July 7th. They set a "hold" rating and a $91.00 target price for the company. Finally, Morgan Stanley cut their target price on ONEOK from $122.00 to $110.00 and set an "overweight" rating for the company in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.69.

ONEOK Stock Down 1.5%

Shares of NYSE:OKE opened at $71.32 on Friday. ONEOK, Inc. has a 1 year low of $70.63 and a 1 year high of $118.07. The business has a 50 day simple moving average of $73.87 and a two-hundred day simple moving average of $80.32. The firm has a market capitalization of $44.91 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.20 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. 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 EPS for the current 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. This represents a $4.12 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Friday, August 1st. ONEOK's payout ratio is 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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