Aurora Investment Counsel Has $449,000 Stock Position in ONEOK, Inc. (NYSE:OKE)

Aurora Investment Counsel reduced its position in ONEOK, Inc. (NYSE:OKE) by 78.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,503 shares of the utilities provider’s stock after selling 20,088 shares during the period. Aurora Investment Counsel’s holdings in ONEOK were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in ONEOK in the first quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new position in shares of ONEOK during the 1st quarter worth $26,000. Quest Partners LLC bought a new position in shares of ONEOK during the 2nd quarter valued at $28,000. Ridgewood Investments LLC acquired a new stake in shares of ONEOK in the 2nd quarter valued at $31,000. Finally, American National Bank bought a new stake in ONEOK in the first quarter worth $32,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

ONEOK Trading Up 1.0 %

Shares of OKE opened at $91.13 on Tuesday. The stock’s 50-day moving average price is $88.22 and its 200 day moving average price is $83.14. 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, Inc. has a 12-month low of $60.58 and a 12-month high of $96.05. The firm has a market capitalization of $53.19 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 4.71 and a beta of 1.67.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating 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 business posted $1.04 earnings per share. As a group, research analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current year.

ONEOK Announces Dividend

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 dividend of $0.99 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.35%. ONEOK’s dividend payout ratio (DPR) is currently 92.09%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Tudor Pickering raised ONEOK to a “hold” rating in a research report on Thursday, July 18th. Wells Fargo & Company boosted their target price on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Citigroup increased their price target on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Truist Financial boosted their price objective on shares of ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Scotiabank raised their target price on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.