ONEOK, Inc. $OKE Shares Bought by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,113 shares of the utilities provider’s stock after acquiring an additional 1,872 shares during the period. GW Henssler & Associates Ltd.’s holdings in ONEOK were worth $10,866,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OKE shares. Raymond James Financial restated an “outperform” rating on shares of ONEOK in a research report on Friday, August 1st. Barclays reduced their price target on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday. The Goldman Sachs Group started coverage on shares of ONEOK in a research report on Tuesday, September 30th. They issued a “neutral” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. Finally, TD Cowen started coverage on shares of ONEOK in a research report on Monday, July 7th. They issued a “hold” rating and a $91.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.69.

ONEOK Trading Down 2.9%

Shares of NYSE:OKE opened at $69.22 on Friday. ONEOK, Inc. has a fifty-two week low of $69.08 and a fifty-two week high of $118.07. The company has a market cap of $43.59 billion, a PE ratio of 13.49, a P/E/G ratio of 1.70 and a beta of 1.01. The company’s 50-day moving average price is $73.67 and its 200 day moving average price is $79.94. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35.

ONEOK (NYSE:OKE) 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. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.20 billion. During the same period in the previous year, the firm earned $1.33 EPS. 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 year.

ONEOK Announces Dividend

The business also recently declared 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Friday, August 1st. ONEOK’s payout ratio is 80.31%.

ONEOK Company 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.