Vanguard Personalized Indexing Management LLC Grows Position in ONEOK, Inc. $OKE

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in ONEOK, Inc. by 12.3%, owning 65,005 shares valued at around $5.31 million as of the end of the last reporting period.
• ONEOK reported $1.34 earnings per share for the most recent quarter, exceeding analyst expectations of $1.33, with a total revenue of $8.21 billion.
• The company declared a quarterly dividend of $1.03 per share, resulting in an annualized yield of 5.9%, with a dividend payout ratio of 80.31%.

Vanguard Personalized Indexing Management LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,005 shares of the utilities provider's stock after purchasing an additional 7,116 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in ONEOK were worth $5,314,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Tranquility Partners LLC grew its position in ONEOK by 3.6% during the 2nd quarter. Tranquility Partners LLC now owns 18,217 shares of the utilities provider's stock worth $1,487,000 after purchasing an additional 634 shares during the last quarter. Invictus Private Wealth LLC acquired a new stake in ONEOK during the 2nd quarter valued at approximately $265,000. Trust Co. of Toledo NA OH acquired a new stake in ONEOK during the 2nd quarter valued at approximately $42,000. Inspire Investing LLC lifted its stake in ONEOK by 4.6% during the 2nd quarter. Inspire Investing LLC now owns 4,783 shares of the utilities provider's stock valued at $390,000 after acquiring an additional 211 shares during the period. Finally, Eastern Bank lifted its stake in ONEOK by 2.5% during the 2nd quarter. Eastern Bank now owns 13,723 shares of the utilities provider's stock valued at $1,120,000 after acquiring an additional 338 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

NYSE:OKE opened at $69.60 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. The company has a fifty day moving average of $73.47 and a two-hundred day moving average of $79.61. The stock has a market capitalization of $43.83 billion, a PE ratio of 13.57, a P/E/G ratio of 1.69 and a beta of 1.01. ONEOK, Inc. has a fifty-two week low of $69.05 and a fifty-two week high of $118.07.

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

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were given 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 yield of 5.9%. ONEOK's dividend payout ratio is currently 80.31%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada decreased their price objective 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. Weiss Ratings restated a "hold (c+)" rating on shares of ONEOK in a research note on Wednesday, October 8th. TD Cowen assumed coverage on shares of ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price objective for the company. Raymond James Financial restated an "outperform" rating on shares of ONEOK in a research note on Friday, August 1st. 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 price objective for the company. One 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 company. According to MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and an average target price of $98.69.

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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