ONEOK, Inc. (NYSE:OKE) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in ONEOK, Inc. (NYSE:OKE) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,515 shares of the utilities provider’s stock after buying an additional 4,880 shares during the quarter. Public Sector Pension Investment Board’s holdings in ONEOK were worth $8,279,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OKE. Rise Advisors LLC acquired a new stake in ONEOK in the 1st quarter worth approximately $25,000. LifeSteps Financial Inc. purchased a new position in shares of ONEOK in the first quarter worth $26,000. Quest Partners LLC acquired a new stake in shares of ONEOK during the second quarter worth $28,000. Ridgewood Investments LLC purchased a new stake in shares of ONEOK during the second quarter valued at $31,000. Finally, American National Bank acquired a new position in shares of ONEOK in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Transactions at ONEOK

In other ONEOK 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 value of $310,901.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OKE. Citigroup increased their price objective on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays raised their price target on shares of ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Truist Financial upped their price objective on shares of ONEOK from $81.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Scotiabank raised their target price 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. Finally, Wells Fargo & Company increased their price target on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.38.

ONEOK Trading Down 0.0 %

Shares of NYSE:OKE opened at $95.24 on Wednesday. The business’s 50 day moving average price is $87.65 and its 200-day moving average price is $82.74. ONEOK, Inc. has a 1 year low of $60.58 and a 1 year high of $96.05. The firm has a market capitalization of $55.63 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $5.52 billion. During the same period last year, the firm posted $1.04 earnings per share. On average, equities research analysts forecast that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were given a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.16%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

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.