7,637 Shares in ONEOK, Inc. $OKE Bought by Fullcircle Wealth LLC

Fullcircle Wealth LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,637 shares of the utilities provider’s stock, valued at approximately $610,000.

A number of other hedge funds have also recently made changes to their positions in OKE. Brighton Jones LLC lifted its stake in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of ONEOK during the 1st quarter worth $341,000. OneDigital Investment Advisors LLC lifted its stake in shares of ONEOK by 18.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 9,835 shares of the utilities provider’s stock worth $976,000 after purchasing an additional 1,549 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in ONEOK by 4.5% during the 1st quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock valued at $311,000 after buying an additional 134 shares in the last quarter. Finally, World Investment Advisors increased its position in ONEOK by 14.3% during the 1st quarter. World Investment Advisors now owns 12,001 shares of the utilities provider’s stock valued at $1,191,000 after buying an additional 1,500 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $72.00 target price on shares of ONEOK in a research report on Monday. Scotiabank set a $92.00 target price on ONEOK and gave the company a “sector outperform” rating in a research report on Tuesday, July 15th. Barclays reduced their target price on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. Finally, Stifel Nicolaus set a $94.00 target price on ONEOK in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.13.

ONEOK Stock Down 2.4%

Shares of OKE stock opened at $65.37 on Tuesday. The stock’s 50-day simple moving average is $71.62 and its 200-day simple moving average is $77.65. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.46 and a current ratio of 0.90. The firm has a market capitalization of $41.13 billion, a PE ratio of 12.02, a P/E/G ratio of 2.62 and a beta of 1.01. ONEOK, Inc. has a fifty-two week low of $64.28 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $9.17 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period in the prior year, the company earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities analysts expect 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 will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s dividend payout ratio (DPR) is 75.74%.

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.