ONEOK, Inc. (NYSE:OKE) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,424 shares of the utilities provider’s stock after purchasing an additional 139 shares during the quarter. MCF Advisors LLC’s holdings in ONEOK were worth $221,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OKE. QRG Capital Management Inc. grew its holdings in ONEOK by 2.2% during the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock worth $454,000 after acquiring an additional 119 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock worth $1,111,000 after purchasing an additional 122 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of ONEOK by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock worth $935,000 after purchasing an additional 122 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in shares of ONEOK by 1.4% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock valued at $839,000 after acquiring an additional 125 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in shares of ONEOK by 4.3% during the second quarter. Capital Wealth Planning LLC now owns 3,166 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on shares of ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Company boosted their target price on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a report on Thursday, July 18th. Barclays raised their price objective on shares of ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. Finally, Mizuho boosted their price target on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.77.

ONEOK Price Performance

NYSE OKE traded down $0.76 on Friday, hitting $96.66. 2,171,218 shares of the company were exchanged, compared to its average volume of 2,726,321. ONEOK, Inc. has a 1-year low of $63.33 and a 1-year high of $98.43. The firm has a 50 day moving average of $92.85 and a two-hundred day moving average of $85.25. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The company has a market cap of $56.42 billion, a P/E ratio of 22.48, a P/E/G ratio of 4.31 and a beta of 1.67.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, equities analysts predict that ONEOK, Inc. will post 4.98 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 4.10%. ONEOK’s dividend payout ratio is currently 92.09%.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.