ONEOK, Inc. $OKE Shares Acquired by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its holdings in ONEOK, Inc. by 7.2% during the second quarter, now owning 192,547 shares worth approximately $15.7 million.
• Equities analysts have varying opinions on ONEOK's stock, with target prices ranging from $82 to $110 and a consensus rating of "Moderate Buy".
• ONEOK recently announced a quarterly dividend of $1.03 per share, reflecting an annualized payout of $4.12 and a yield of 5.8%.

IFM Investors Pty Ltd raised its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,547 shares of the utilities provider's stock after purchasing an additional 12,961 shares during the quarter. IFM Investors Pty Ltd's holdings in ONEOK were worth $15,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of 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 acquiring an additional 8,834 shares in the last quarter. State of Wyoming bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $66,000. Twinbeech Capital LP bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $558,000. Woodline Partners LP bought a new stake in ONEOK during the 4th quarter valued at $3,522,000. Finally, Waverly Advisors LLC raised its position in ONEOK by 21.2% during the 4th quarter. Waverly Advisors LLC now owns 8,850 shares of the utilities provider's stock valued at $889,000 after purchasing an additional 1,549 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Up 0.2%

Shares of NYSE OKE traded up $0.15 during trading hours on Monday, hitting $71.70. 2,380,850 shares of the stock were exchanged, compared to its average volume of 3,891,956. 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 company has a market cap of $45.15 billion, a PE ratio of 13.98, a PEG ratio of 1.76 and a beta of 1.04. The firm has a fifty day moving average price of $76.34 and a 200-day moving average price of $82.40. ONEOK, Inc. has a 12 month low of $70.63 and a 12 month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.20 billion. During the same quarter in the previous year, the business posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, sell-side analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid 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 5.7%. ONEOK's dividend payout ratio is presently 80.31%.

Analyst Ratings Changes

A number of brokerages have weighed in on OKE. JPMorgan Chase & Co. lifted their target price on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. TD Cowen assumed coverage on ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 price objective for the company. Morgan Stanley reduced their price target on shares of ONEOK from $122.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday, August 26th. Raymond James Financial restated an "outperform" rating on shares of ONEOK in a report on Friday, August 1st. Finally, Mizuho reduced their price objective on shares of ONEOK from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.60.

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.