Quantitative Investment Management LLC Buys 11,747 Shares of ONEOK, Inc. $OKE

Quantitative Investment Management LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 180.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,271 shares of the utilities provider's stock after acquiring an additional 11,747 shares during the period. Quantitative Investment Management LLC's holdings in ONEOK were worth $1,812,000 at the end of the most recent reporting period.

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Several other institutional investors and hedge funds also recently bought and sold shares of OKE. Greenline Partners LLC purchased a new stake in shares of ONEOK during the 4th quarter valued at $32,000. First Pacific Financial bought a new stake in shares of ONEOK during the 1st quarter valued at about $34,000. Vermillion Wealth Management Inc. bought a new stake in shares of ONEOK during the 4th quarter valued at about $37,000. Financial Network Wealth Advisors LLC boosted its stake in shares of ONEOK by 2,466.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 370 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK during the 4th quarter valued at about $39,000. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

Shares of NYSE:OKE opened at $74.7430 on Monday. 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 firm has a fifty day moving average price of $79.34 and a 200 day moving average price of $85.64. ONEOK, Inc. has a fifty-two week low of $72.18 and a fifty-two week high of $118.07. The firm has a market cap of $47.07 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.77 and a beta of 0.99.

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ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.20 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, sell-side analysts expect 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. Investors of record on Friday, August 1st were issued 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 5.5%. ONEOK's dividend payout ratio (DPR) is presently 80.31%.

Wall Street Analyst Weigh In

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Several equities research analysts recently commented on OKE shares. Stifel Nicolaus dropped their price objective on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Scotiabank set a $92.00 target price on shares of ONEOK and gave the stock a "sector outperform" rating in a report on Tuesday, July 15th. Barclays set a $83.00 target price on shares of ONEOK in a report on Thursday, August 14th. Raymond James Financial reaffirmed an "outperform" rating on shares of ONEOK in a report on Friday, August 1st. Finally, Royal Bank Of Canada decreased their target price on shares of ONEOK from $94.00 to $88.00 and set a "sector perform" rating for the company in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.57.

Check Out Our Latest Research Report on OKE

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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