ONEOK, Inc. $OKE Shares Acquired by Olistico Wealth LLC

Key Points

• Olistico Wealth LLC raised its holdings in ONEOK, Inc. by 11.4% during the 2nd quarter, acquiring a total of 41,832 shares worth approximately $3,415,000.
• ONEOK's latest quarterly earnings surpassed estimates, reporting $1.34 EPS and $8.21 billion in revenue, with a net margin of 11.06%.
• The company announced a quarterly dividend of $1.03, establishing a 5.7% yield and a dividend payout ratio of 80.31%.

Olistico Wealth LLC increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 11.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,832 shares of the utilities provider's stock after buying an additional 4,295 shares during the period. ONEOK comprises approximately 1.9% of Olistico Wealth LLC's holdings, making the stock its 12th biggest position. Olistico Wealth LLC's holdings in ONEOK were worth $3,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in ONEOK by 7.2% during 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 purchasing an additional 5,076,705 shares during the period. Nuveen LLC acquired a new position in ONEOK during the 1st quarter valued at about $440,535,000. Boston Partners acquired a new position in ONEOK during the 1st quarter valued at about $353,596,000. Charles Schwab Investment Management Inc. boosted its stake in ONEOK by 13.8% during 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 purchasing an additional 2,542,449 shares during the period. Finally, Wellington Management Group LLP boosted its stake in ONEOK by 51.9% during 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 purchasing an additional 2,182,081 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Up 0.6%

OKE stock opened at $72.88 on Friday. ONEOK, Inc. has a 52-week low of $70.63 and a 52-week high of $118.07. The company's 50 day simple moving average is $74.69 and its 200-day simple moving average is $80.97. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a market capitalization of $45.89 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.79 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.01. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. 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. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, August 1st. ONEOK's dividend payout ratio is currently 80.31%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of analyst reports. Morgan Stanley reduced their target price on shares of ONEOK from $122.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, August 26th. Raymond James Financial reissued an "outperform" rating on shares of ONEOK in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ONEOK in a research note on Saturday, September 27th. Finally, Barclays set a $83.00 price target on shares of ONEOK in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.

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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