ONEOK, Inc. (NYSE:OKE) Shares Purchased by National Pension Service

National Pension Service lifted its stake in ONEOK, Inc. (NYSE:OKE) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 763,833 shares of the utilities provider’s stock after purchasing an additional 12,349 shares during the period. National Pension Service owned about 0.13% of ONEOK worth $69,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Matrix Trust Co purchased a new stake in shares of ONEOK in the 3rd quarter valued at about $29,000. Quest Partners LLC acquired a new position in shares of ONEOK during the 2nd quarter worth approximately $28,000. Ridgewood Investments LLC purchased a new stake in shares of ONEOK in the second quarter valued at $31,000. Manchester Capital Management LLC grew its holdings in shares of ONEOK by 66.4% during the first quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after buying an additional 182 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new stake in ONEOK in the 3rd quarter worth approximately $44,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 3.1 %

Shares of NYSE OKE opened at $98.61 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a market cap of $57.61 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 3.98 and a beta of 1.66. The company’s fifty day moving average is $94.01 and its 200-day moving average is $86.20. ONEOK, Inc. has a twelve month low of $63.33 and a twelve month high of $98.65.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the business earned $0.99 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.16 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, November 1st. ONEOK’s dividend payout ratio is presently 82.85%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research reports. Mizuho increased their target price on ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on shares of ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Citigroup upped their price objective on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Truist Financial raised their price target on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.92.

Insider Buying and Selling at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.