Two Sigma Securities LLC Purchases 24,918 Shares of ONEOK, Inc. $OKE

Key Points

• Two Sigma Securities increased its ONEOK stake by 113.5% in the second quarter, acquiring 24,918 additional shares and bringing its holdings to 46,870 shares valued at approximately $4.1 million. Institutional investors collectively own 69.13% of the company.
• ONEOK reported quarterly earnings of $1.53 per share, exceeding analyst expectations of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus estimate.
• The company paid a quarterly dividend of $1.07 per share, equivalent to $4.28 annually and a 4.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.94.

Two Sigma Securities LLC increased its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 113.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,870 shares of the utilities provider's stock after acquiring an additional 24,918 shares during the quarter. Two Sigma Securities LLC's holdings in ONEOK were worth $4,075,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT lifted its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in ONEOK in the 2nd quarter worth approximately $28,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC bought a new stake in shares of ONEOK in the fourth quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of ONEOK by 69.6% in the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 149 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 0.1%

Shares of NYSE OKE opened at $94.88 on Monday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The business has a fifty day moving average of $90.89 and a two-hundred day moving average of $88.75. The stock has a market cap of $59.81 billion, a PE ratio of 16.36, a PEG ratio of 2.64 and a beta of 0.73.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to analysts' expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the prior year, the firm earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. ONEOK's payout ratio is currently 73.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OKE shares. Truist Financial boosted their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a "hold" rating in a research report on Monday, May 4th. Weiss Ratings reissued a "buy (b-)" rating on shares of ONEOK in a report on Thursday, August 13th. Citigroup raised their price target on shares of ONEOK from $95.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on shares of ONEOK from $84.00 to $90.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 21st. Finally, US Capital Advisors lowered shares of ONEOK from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $91.94.

About ONEOK

ONEOK, Inc NYSE: OKE is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK's asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.

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