UniSuper Management Pty Ltd Buys 4,917 Shares of ONEOK, Inc. $OKE

Key Points

• UniSuper Management Pty Ltd has increased its stake in ONEOK, Inc. by 11.3% after acquiring an additional 4,917 shares in Q1, bringing its total holdings to 48,403 shares valued at approximately $4.8 million.
• ONEOK reported a quarterly EPS of $1.34, exceeding analysts' estimates of $1.33, with revenues of $8.21 billion compared to expectations of $7.20 billion.
• The company's recent dividend of $1.03 per share resulted in an annualized dividend yield of 5.8%, with a payout ratio currently at 80.31%.

UniSuper Management Pty Ltd raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,403 shares of the utilities provider's stock after acquiring an additional 4,917 shares during the period. UniSuper Management Pty Ltd's holdings in ONEOK were worth $4,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Marcum Wealth LLC boosted its stake in ONEOK by 1.1% in the first quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock worth $1,017,000 after purchasing an additional 108 shares in the last quarter. Morey & Quinn Wealth Partners LLC boosted 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 worth $1,560,000 after purchasing an additional 130 shares in the last quarter. Visionary Wealth Advisors boosted its stake in ONEOK by 2.1% in the fourth quarter. Visionary Wealth Advisors now owns 6,320 shares of the utilities provider's stock worth $635,000 after purchasing an additional 132 shares in the last quarter. Clearstead Trust LLC boosted 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 worth $277,000 after purchasing an additional 133 shares in the last quarter. Finally, BankPlus Wealth Management LLC boosted 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 worth $485,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Trading Down 1.7%

NYSE OKE opened at $71.41 on Tuesday. The firm has a market cap of $44.97 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.73 and a beta of 1.04. 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 stock's 50-day moving average is $77.87 and its 200-day moving average is $83.82. ONEOK, Inc. has a one year low of $70.63 and a one year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.01. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.20 billion. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.During the same quarter last year, the firm posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were issued 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 dividend yield of 5.8%. ONEOK's dividend payout ratio (DPR) is presently 80.31%.

Analyst Ratings Changes

OKE has been the topic of a number of recent analyst reports. Raymond James Financial reissued an "outperform" rating on shares of ONEOK in a research note on Friday, August 1st. Scotiabank set a $92.00 price target on ONEOK and gave the company a "sector outperform" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Barclays set a $83.00 price target on ONEOK in a research note on Thursday, August 14th. 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 on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.

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