Premier Path Wealth Partners LLC Acquires 771 Shares of ONEOK, Inc. $OKE

Premier Path Wealth Partners LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 13.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,306 shares of the utilities provider’s stock after purchasing an additional 771 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in ONEOK were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in ONEOK by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider’s stock valued at $7,461,043,000 after purchasing an additional 5,076,705 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of ONEOK by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider’s stock worth $2,079,376,000 after purchasing an additional 2,542,449 shares during the period. Invesco Ltd. raised its holdings in shares of ONEOK by 25.1% in the 1st quarter. Invesco Ltd. now owns 8,339,939 shares of the utilities provider’s stock worth $827,489,000 after purchasing an additional 1,674,706 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in shares of ONEOK by 17.1% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 7,171,795 shares of the utilities provider’s stock worth $711,586,000 after purchasing an additional 1,047,810 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of ONEOK by 5.3% in the 1st quarter. Northern Trust Corp now owns 6,879,863 shares of the utilities provider’s stock worth $682,620,000 after purchasing an additional 344,002 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. Mizuho cut their price target on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, August 29th. TD Cowen cut their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday. Royal Bank Of Canada cut their price target on 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, Scotiabank set a $92.00 price target on ONEOK and gave the stock a “sector outperform” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.80.

ONEOK Stock Down 0.7%

Shares of NYSE OKE opened at $66.70 on Friday. ONEOK, Inc. has a 52 week low of $66.35 and a 52 week high of $118.07. The business has a 50-day simple moving average of $71.96 and a two-hundred day simple moving average of $78.00. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The company has a market cap of $42.00 billion, a P/E ratio of 12.26, a P/E/G ratio of 2.62 and a beta of 1.01.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.48 by $0.01. The business had revenue of $9.17 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same quarter last year, the company earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, November 3rd. 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.