ONEOK, Inc. (NYSE:OKE) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its holdings in ONEOK, Inc. (NYSE:OKE) by 37.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,533 shares of the utilities provider’s stock after buying an additional 20,868 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in ONEOK were worth $6,241,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legacy Financial Group Inc. lifted its stake in ONEOK by 1.8% during the second quarter. Legacy Financial Group Inc. now owns 43,074 shares of the utilities provider’s stock worth $3,513,000 after purchasing an additional 743 shares during the last quarter. Disciplined Investments LLC raised its holdings in ONEOK by 10.9% during the second quarter. Disciplined Investments LLC now owns 20,020 shares of the utilities provider’s stock worth $1,633,000 after purchasing an additional 1,962 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of ONEOK by 22.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 17,445 shares of the utilities provider’s stock worth $1,423,000 after buying an additional 3,148 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new position in shares of ONEOK in the 2nd quarter valued at $4,368,000. Finally, Moors & Cabot Inc. grew its position in shares of ONEOK by 0.8% in the 2nd quarter. Moors & Cabot Inc. now owns 101,572 shares of the utilities provider’s stock valued at $8,283,000 after buying an additional 800 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.2 %

NYSE OKE opened at $93.97 on Friday. ONEOK, Inc. has a 52-week low of $60.58 and a 52-week high of $95.28. The firm has a 50-day moving average price of $87.24 and a 200 day moving average price of $82.42. The stock has a market capitalization of $54.89 billion, a P/E ratio of 21.85, a P/E/G 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.

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, topping analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the business posted $1.04 EPS. Equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.21%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of research reports. Mizuho boosted their price target on shares of ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Citigroup boosted their target price on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Tudor Pickering raised ONEOK to a “hold” rating in a research report on Thursday, July 18th. Truist Financial lifted their price target on ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $103.00 to $111.00 in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.38.

Insider Activity

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were 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 SEC, which is available through this hyperlink. 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.