ONEOK, Inc. $OKE Shares Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC increased its ownership of ONEOK, Inc. by 486.2% in the first quarter, bringing its total to 19,533 shares worth nearly $1.94 million.
• Several analysts adjusted their price targets for ONEOK, with Morgan Stanley lowering its target from $122 to $110, while JPMorgan raised its target from $94 to $97, indicating mixed sentiment on the stock.
• ONEOK declared a quarterly dividend of $1.03 per share, translating to an annualized yield of 5.6%, with a dividend payout ratio of 80.31%.

Integrity Alliance LLC. boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 486.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 19,533 shares of the utilities provider's stock after purchasing an additional 16,201 shares during the period. Integrity Alliance LLC.'s holdings in ONEOK were worth $1,938,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in OKE. First Pacific Financial purchased a new position in shares of ONEOK during the first quarter worth about $34,000. Vermillion Wealth Management Inc. purchased a new stake in ONEOK during the 4th quarter valued at approximately $37,000. Financial Network Wealth Advisors LLC lifted its position in ONEOK by 2,466.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider's stock worth $38,000 after acquiring an additional 370 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in ONEOK during the 1st quarter worth approximately $39,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of ONEOK in the 1st quarter valued at approximately $40,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKE has been the subject of several analyst reports. Morgan Stanley cut their price target on ONEOK from $122.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, August 26th. JPMorgan Chase & Co. upped their price objective 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. Royal Bank Of Canada reduced their target price on shares of ONEOK from $94.00 to $88.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 13th. Mizuho dropped their price target on shares of ONEOK from $87.00 to $82.00 and set a "neutral" rating on the stock in a research note on Friday, August 29th. Finally, Scotiabank set a $92.00 price target on shares of ONEOK and gave the stock a "sector outperform" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK presently has an average rating of "Moderate Buy" and an average price target of $100.60.

ONEOK Stock Performance

NYSE:OKE opened at $73.24 on Thursday. The firm's fifty day simple moving average is $77.52 and its 200-day simple moving average is $83.67. 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 stock has a market cap of $46.12 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. ONEOK, Inc. has a fifty-two week low of $70.63 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released 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 the consensus estimate 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. Analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were issued a $1.03 dividend. The ex-dividend date was Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.6%. ONEOK's dividend payout ratio is currently 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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