Brighton Jones LLC Has $935,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Brighton Jones LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,462 shares of the utilities provider’s stock after acquiring an additional 122 shares during the quarter. Brighton Jones LLC’s holdings in ONEOK were worth $935,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of ONEOK in the first quarter valued at approximately $25,000. LifeSteps Financial Inc. purchased a new stake in ONEOK in the 1st quarter valued at $26,000. Quest Partners LLC bought a new position in ONEOK during the 2nd quarter valued at $28,000. Ridgewood Investments LLC bought a new stake in shares of ONEOK in the 2nd quarter worth $31,000. Finally, American National Bank purchased a new stake in shares of ONEOK in the first quarter valued at about $32,000. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

OKE opened at $93.97 on Friday. The company has a market capitalization of $54.89 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 4.64 and a beta of 1.67. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $87.24 and a 200-day moving average price of $82.42. ONEOK, Inc. has a twelve month low of $60.58 and a twelve month high of $95.28.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were paid a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.21%. ONEOK’s dividend payout ratio is currently 92.09%.

Insider Buying and Selling at ONEOK

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

Wall Street Analysts Forecast Growth

OKE has been the topic of several analyst reports. Scotiabank boosted their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a report on Friday, August 30th. Mizuho upped their target price on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Citigroup lifted their price target on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Tudor Pickering upgraded ONEOK to a “hold” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada lifted their target price on ONEOK from $84.00 to $89.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.38.

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.