ONEOK, Inc. (NYSE:OKE) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 12.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 342,612 shares of the utilities provider’s stock after buying an additional 36,820 shares during the period. Ensign Peak Advisors Inc owned about 0.06% of ONEOK worth $27,940,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OKE. Rise Advisors LLC purchased a new position in shares of ONEOK during the 1st quarter valued at about $25,000. LifeSteps Financial Inc. purchased a new position in shares of ONEOK during the 1st quarter valued at about $26,000. Quest Partners LLC purchased a new position in shares of ONEOK in the 2nd quarter valued at about $28,000. Ridgewood Investments LLC purchased a new position in shares of ONEOK in the 2nd quarter valued at about $31,000. Finally, American National Bank purchased a new position in shares of ONEOK in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the company’s 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 document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

ONEOK Trading Up 0.2 %

OKE opened at $93.97 on Monday. ONEOK, Inc. has a one year low of $60.58 and a one year high of $95.28. The stock has a market capitalization of $54.89 billion, a PE ratio of 21.85, a P/E/G ratio of 4.64 and a beta of 1.67. The business’s 50 day moving average price is $87.24 and its 200 day moving average price is $82.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The firm 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 prior year, the firm posted $1.04 earnings per share. As a group, equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, August 1st. ONEOK’s payout ratio is 92.09%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays boosted their price objective on ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. Royal Bank of Canada boosted their price objective on ONEOK from $84.00 to $89.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Wells Fargo & Company boosted their price objective on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $103.00 to $111.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.