ONEOK, Inc. (NYSE:OKE) Shares Acquired by Evanson Asset Management LLC

Evanson Asset Management LLC lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,785 shares of the utilities provider’s stock after acquiring an additional 197 shares during the quarter. Evanson Asset Management LLC’s holdings in ONEOK were worth $3,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Chesley Taft & Associates LLC lifted its holdings in shares of ONEOK by 1.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 56,479 shares of the utilities provider’s stock valued at $5,147,000 after acquiring an additional 1,000 shares in the last quarter. Bangor Savings Bank purchased a new stake in ONEOK during the 3rd quarter worth $51,000. WealthBridge Capital Management LLC increased its stake in ONEOK by 12.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 9,819 shares of the utilities provider’s stock worth $895,000 after buying an additional 1,115 shares during the period. GAMMA Investing LLC increased its stake in ONEOK by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 9,692 shares of the utilities provider’s stock worth $883,000 after buying an additional 1,416 shares during the period. Finally, SG Americas Securities LLC increased its stake in ONEOK by 4.4% during the 3rd quarter. SG Americas Securities LLC now owns 231,775 shares of the utilities provider’s stock worth $21,122,000 after buying an additional 9,860 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Barclays boosted their target price 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. Royal Bank of Canada boosted their target price on shares of ONEOK from $84.00 to $89.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 22nd. Truist Financial boosted their target price on shares of ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their target price on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.38.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of ONEOK 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

ONEOK Stock Down 0.4 %

Shares of OKE stock opened at $94.84 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62. The stock has a market cap of $55.35 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 4.62 and a beta of 1.67. The business’s fifty day moving average is $89.16 and its 200-day moving average is $83.59. ONEOK, Inc. has a 1 year low of $63.33 and a 1 year high of $96.05.

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. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same period in the previous year, the firm posted $1.04 EPS. Equities analysts expect that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm 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 4.18%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

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.