Curi RMB Capital LLC Has $3.09 Million Stock Holdings in ONEOK, Inc. $OKE

Key Points

• Curi RMB Capital LLC reduced its stake in ONEOK, Inc. by 12.5% in Q1, owning 31,126 shares worth approximately $3.08 million following the sale of 4,461 shares.
• Analyst ratings reflect a generally positive outlook for ONEOK, with one Strong Buy, nine Buy, and six Hold ratings, alongside an average target price of $100.60.
• ONEOK announced a quarterly dividend of $1.03 per share with a yield of 5.7%, indicating a payout ratio of 80.31%.

Curi RMB Capital LLC trimmed its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 12.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,126 shares of the utilities provider's stock after selling 4,461 shares during the quarter. Curi RMB Capital LLC's holdings in ONEOK were worth $3,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of OKE. Greenline Partners LLC purchased a new position in shares of ONEOK during the fourth quarter valued at $32,000. First Pacific Financial purchased a new position in shares of ONEOK during the first quarter valued at $34,000. Vermillion Wealth Management Inc. purchased a new position in shares of ONEOK during the fourth quarter valued at $37,000. Financial Network Wealth Advisors LLC grew its holdings in shares of ONEOK by 2,466.7% during the first 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. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of ONEOK during the first quarter valued at $39,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Up 0.0%

Shares of NYSE:OKE traded up $0.01 on Thursday, reaching $73.36. The company had a trading volume of 747,644 shares, compared to its average volume of 3,895,800. ONEOK, Inc. has a twelve month low of $70.63 and a twelve month high of $118.07. The stock has a 50-day moving average price of $77.52 and a 200 day moving average price of $83.67. The stock has a market capitalization of $46.20 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.71 and a beta of 1.04. 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 (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share 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 company had revenue of $8.21 billion during the quarter, compared to analysts' expectations of $7.20 billion. During the same quarter 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. On average, equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 5.6%. The ex-dividend date of this dividend was Friday, August 1st. ONEOK's payout ratio is currently 80.31%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on ONEOK from $122.00 to $110.00 and set an "overweight" rating on the stock in a report on Tuesday, August 26th. Royal Bank Of Canada lowered their price target on ONEOK from $94.00 to $88.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 13th. Barclays set a $83.00 price objective on ONEOK in a research report on Thursday, August 14th. Mizuho reduced their price objective on ONEOK from $87.00 to $82.00 and set a "neutral" rating for the company in a research report on Friday, August 29th. Finally, Scotiabank set a $92.00 price objective on ONEOK and gave the company a "sector outperform" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $100.60.

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.