Captrust Financial Advisors Has $9.13 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Captrust Financial Advisors lifted its position in ONEOK, Inc. (NYSE:OKE) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,222 shares of the utilities provider’s stock after purchasing an additional 297 shares during the quarter. Captrust Financial Advisors’ holdings in ONEOK were worth $9,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co bought a new position in shares of ONEOK during the 3rd quarter worth about $29,000. Quest Partners LLC bought a new position in ONEOK during the second quarter worth about $28,000. Ridgewood Investments LLC acquired a new stake in ONEOK during the second quarter valued at approximately $31,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at approximately $37,000. Finally, Values First Advisors Inc. acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $44,000. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial upped their target price on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Barclays lifted their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Bank of America assumed coverage on shares of ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.38.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $113.60 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $65.49 and a 1-year high of $118.07. The stock has a market capitalization of $66.36 billion, a P/E ratio of 23.77, a P/E/G ratio of 5.75 and a beta of 1.66. The business has a 50-day moving average price of $100.75 and a two-hundred day moving average price of $90.13.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. Equities analysts predict that ONEOK, Inc. will post 5.08 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. ONEOK’s dividend payout ratio is presently 82.85%.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

ONEOK Company 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.