ONEOK, Inc. (NYSE:OKE) Shares Purchased by Olistico Wealth LLC

Olistico Wealth LLC increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,951 shares of the utilities provider’s stock after purchasing an additional 1,939 shares during the period. ONEOK accounts for approximately 2.3% of Olistico Wealth LLC’s investment portfolio, making the stock its 9th biggest position. Olistico Wealth LLC’s holdings in ONEOK were worth $3,732,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of ONEOK in the 1st quarter valued at approximately $25,000. Quest Partners LLC acquired a new position in shares of ONEOK in the 2nd quarter worth approximately $28,000. Ridgewood Investments LLC acquired a new position in shares of ONEOK in the 2nd quarter worth approximately $31,000. American National Bank acquired a new position in shares of ONEOK in the 1st quarter worth approximately $32,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of ONEOK by 66.4% in the 1st quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insiders Place Their Bets

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OKE. Mizuho increased their target price on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a report on Thursday, July 18th. Barclays increased their target price on shares of ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Truist Financial increased their target price on shares of ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Citigroup increased their target price on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $92.38.

ONEOK Trading Down 1.3 %

NYSE OKE opened at $93.57 on Wednesday. ONEOK, Inc. has a 12 month low of $63.33 and a 12 month 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 company has a market capitalization of $54.61 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 4.62 and a beta of 1.67. The firm’s fifty day moving average price is $89.41 and its 200 day moving average price is $83.69.

ONEOK (NYSE:OKE) last issued its earnings results 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 business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, sell-side analysts expect that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, August 1st. ONEOK’s payout ratio is currently 92.09%.

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.