ONEOK, Inc. (NYSE:OKE) Shares Bought by Centennial Bank AR

Centennial Bank AR grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,029 shares of the utilities provider’s stock after acquiring an additional 210 shares during the quarter. Centennial Bank AR’s holdings in ONEOK were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OKE. Rise Advisors LLC acquired a new stake in ONEOK during the 1st quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new stake in ONEOK during the 1st quarter worth approximately $26,000. Quest Partners LLC purchased a new position in ONEOK in the 2nd quarter worth approximately $28,000. Ridgewood Investments LLC purchased a new position in ONEOK in the 2nd quarter worth approximately $31,000. Finally, American National Bank purchased a new position in ONEOK in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $92.31 on Wednesday. ONEOK, Inc. has a 1-year low of $60.58 and a 1-year high of $96.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. The business’s fifty day moving average price is $88.40 and its two-hundred day moving average price is $83.25. The firm has a market capitalization of $53.88 billion, a PE ratio of 21.47, a P/E/G ratio of 4.71 and a beta of 1.67.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period last year, the company earned $1.04 earnings per share. On average, research analysts expect that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Dividend Announcement

The business 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 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, August 1st. ONEOK’s dividend payout ratio is presently 92.09%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OKE shares. Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $103.00 to $111.00 in a report on Monday, September 16th. Wells Fargo & Company upped their price target on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Truist Financial upped their price target on ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Finally, Mizuho increased their target price on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.38.

Insider Activity

In other 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 transaction of $310,901.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.