ONEOK, Inc. $OKE Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 53.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,745 shares of the utilities provider's stock after selling 32,590 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in ONEOK were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Presima Securities ULC increased its stake in ONEOK by 1.4% in the first quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider's stock valued at $940,000 after purchasing an additional 127 shares during the last quarter. Morey & Quinn Wealth Partners LLC increased its stake in ONEOK by 0.8% in the first quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider's stock valued at $1,560,000 after purchasing an additional 130 shares during the last quarter. Clearstead Trust LLC increased its stake in ONEOK by 5.0% in the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider's stock valued at $277,000 after purchasing an additional 133 shares during the last quarter. BankPlus Wealth Management LLC increased its stake in ONEOK by 2.8% in the first quarter. BankPlus Wealth Management LLC now owns 4,884 shares of the utilities provider's stock valued at $485,000 after purchasing an additional 134 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in ONEOK by 4.5% in the first quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider's stock valued at $311,000 after purchasing an additional 134 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OKE. Royal Bank Of Canada dropped their price target on ONEOK from $94.00 to $88.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 13th. Morgan Stanley dropped 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. The Goldman Sachs Group began coverage on ONEOK in a research note on Tuesday, September 30th. They set a "neutral" rating and a $75.00 price target for the company. Raymond James Financial restated an "outperform" rating on shares of ONEOK in a research note on Friday, August 1st. Finally, TD Cowen began coverage on ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.00.

ONEOK Price Performance

Shares of NYSE OKE opened at $72.42 on Wednesday. ONEOK, Inc. has a 1-year low of $70.63 and a 1-year high of $118.07. The business has a 50-day moving average of $74.28 and a 200-day moving average of $80.59. 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 company has a market capitalization of $45.61 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.79 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, topping 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 company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. During the same quarter in the prior 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 anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm 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 of this dividend 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 currently 80.31%.

About ONEOK

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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