Czech National Bank Acquires 7,763 Shares of ONEOK, Inc. (NYSE:OKE)

Czech National Bank grew its holdings in ONEOK, Inc. (NYSE:OKE) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,982 shares of the utilities provider’s stock after acquiring an additional 7,763 shares during the period. Czech National Bank’s holdings in ONEOK were worth $10,843,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of ONEOK in the first quarter worth $25,000. LifeSteps Financial Inc. acquired a new stake in shares of ONEOK in the first quarter worth $26,000. Quest Partners LLC acquired a new stake in shares of ONEOK in the second quarter worth $28,000. Ridgewood Investments LLC acquired a new stake in shares of ONEOK in the second quarter worth $31,000. Finally, American National Bank acquired a new stake in shares of ONEOK in the first quarter worth $32,000. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OKE shares. Citigroup boosted their price objective on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Mizuho upped their target price on shares of ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Royal Bank of Canada upped their target price on shares of ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.38.

ONEOK Price Performance

Shares of ONEOK stock traded up $0.52 during mid-day trading on Friday, reaching $95.23. 1,861,481 shares of the stock were exchanged, compared to its average volume of 2,774,296. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The company has a market cap of $55.58 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 4.46 and a beta of 1.67. ONEOK, Inc. has a fifty-two week low of $60.79 and a fifty-two week high of $96.05. The firm has a 50-day simple moving average of $89.16 and a 200 day simple moving average of $83.52.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter last year, the company posted $1.04 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.09 EPS for the current fiscal year.

ONEOK Dividend Announcement

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

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the firm’s 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

About ONEOK

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.