Valeo Financial Advisors LLC Has $923,000 Holdings in ONEOK, Inc. $OKE

Valeo Financial Advisors LLC increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 59.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,305 shares of the utilities provider's stock after purchasing an additional 4,217 shares during the quarter. Valeo Financial Advisors LLC's holdings in ONEOK were worth $923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKE. First Pacific Financial acquired a new stake in shares of ONEOK in the first quarter worth $34,000. 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 last quarter. MorganRosel Wealth Management LLC acquired a new position in ONEOK during the 1st quarter worth $39,000. Financial Gravity Asset Management Inc. acquired a new position in ONEOK during the 1st quarter worth $40,000. Finally, Rakuten Securities Inc. lifted its position in ONEOK by 152.1% during the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider's stock worth $42,000 after acquiring an additional 254 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Down 0.4%

Shares of OKE stock opened at $72.42 on Wednesday. ONEOK, Inc. has a one year low of $70.63 and a one year high of $118.07. 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 has a fifty day moving average price of $74.28 and a 200 day moving average price of $80.59. The stock has a market cap of $45.61 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.21 billion during the quarter, compared to analysts' expectations of $7.20 billion. During the same quarter in the prior year, the company posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. Analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders 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 dividend yield of 5.7%. ONEOK's dividend payout ratio is presently 80.31%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OKE shares. Mizuho cut their price objective on ONEOK from $87.00 to $82.00 and set a "neutral" rating for the company in a research report on Friday, August 29th. TD Cowen began coverage on ONEOK in a report on Monday, July 7th. They set a "hold" rating and a $91.00 price target for the company. Raymond James Financial reiterated an "outperform" rating on shares of ONEOK in a report on Friday, August 1st. Royal Bank Of Canada cut 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. Finally, The Goldman Sachs Group initiated coverage on shares of ONEOK in a research note on Tuesday, September 30th. They set a "neutral" rating and a $75.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.00.

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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