Deutsche Bank AG Sells 1,239,404 Shares of ONEOK, Inc. $OKE

Deutsche Bank AG lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 18.4% in the second quarter, HoldingsChannel.com reports. The firm owned 5,497,115 shares of the utilities provider’s stock after selling 1,239,404 shares during the quarter. Deutsche Bank AG’s holdings in ONEOK were worth $477,919,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC raised its holdings in ONEOK by 14.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 14,570 shares of the utilities provider’s stock valued at $1,267,000 after buying an additional 1,882 shares during the last quarter. Trust Co. of Vermont purchased a new position in ONEOK during the 2nd quarter valued at about $188,000. Focused Wealth Management Inc raised its position in ONEOK by 5.7% during the 2nd quarter. Focused Wealth Management Inc now owns 4,095 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 221 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in ONEOK by 8.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,539,821 shares of the utilities provider’s stock valued at $133,872,000 after purchasing an additional 116,986 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in ONEOK by 8.1% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 8,603 shares of the utilities provider’s stock worth $748,000 after buying an additional 646 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on OKE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONEOK in a research report on Thursday. Barclays dropped their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Royal Bank Of Canada raised their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company lowered their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target of $91.81.

ONEOK Trading Up 0.4%

NYSE:OKE opened at $95.33 on Tuesday. The company’s 50 day moving average price is $89.62 and its 200-day moving average price is $87.80. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The stock has a market cap of $60.09 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 7.10 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter last year, the firm earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts forecast that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. ONEOK’s dividend payout ratio (DPR) is presently 73.79%.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.