MassMutual Private Wealth & Trust FSB Has $406,000 Stock Holdings in ONEOK, Inc. $OKE

MassMutual Private Wealth & Trust FSB grew its holdings in ONEOK, Inc. (NYSE:OKE) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,979 shares of the utilities provider’s stock after purchasing an additional 238 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in ONEOK were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. First Pacific Financial acquired a new position in shares of ONEOK in the 1st quarter valued at about $34,000. Vermillion Wealth Management Inc. acquired a new position in shares of ONEOK in the 4th quarter valued at about $37,000. Financial Network Wealth Advisors LLC lifted its stake in shares of ONEOK by 2,466.7% in 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 during the period. MorganRosel Wealth Management LLC bought a new stake in ONEOK in the 1st quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in ONEOK in the 1st quarter valued at about $40,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on OKE shares. Royal Bank Of Canada decreased their target price on ONEOK from $94.00 to $88.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Mizuho decreased their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, August 29th. 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. Morgan Stanley decreased their target price on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of ONEOK in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $100.60.

ONEOK Stock Performance

OKE stock opened at $73.61 on Friday. The firm has a market cap of $46.36 billion, a PE ratio of 14.35, a P/E/G ratio of 1.74 and a beta of 1.04. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average of $76.53 and a 200-day moving average of $82.67. ONEOK, Inc. has a 12-month low of $70.63 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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 return on equity of 14.90% and a net margin of 11.06%.The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.20 billion. During the same period in the prior year, the company earned $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 year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, August 1st. ONEOK’s dividend payout ratio is 80.31%.

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.