Helen Stephens Group LLC Acquires New Shares in ONEOK, Inc. (NYSE:OKE)

Helen Stephens Group LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,340 shares of the utilities provider’s stock, valued at approximately $213,000.

Other hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in shares of ONEOK by 2.2% during the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock worth $454,000 after purchasing an additional 119 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of ONEOK by 0.9% during the second quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock worth $1,111,000 after acquiring an additional 122 shares during the last quarter. Brighton Jones LLC increased its position in shares of ONEOK by 1.1% during the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock worth $935,000 after acquiring an additional 122 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of ONEOK by 4.3% during the second quarter. Capital Wealth Planning LLC now owns 3,166 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 131 shares during the last quarter. Finally, Aviso Wealth Management increased its position in shares of ONEOK by 1.7% during the second quarter. Aviso Wealth Management now owns 7,813 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 134 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 1.3 %

Shares of ONEOK stock opened at $93.57 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The business’s 50 day simple moving average is $89.41 and its 200-day simple moving average is $83.69. The stock has a market capitalization of $54.61 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 4.62 and a beta of 1.67. ONEOK, Inc. has a twelve month low of $63.33 and a twelve month high of $96.05.

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

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were issued a $0.99 dividend. 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 dividend payout ratio (DPR) is 92.09%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of analyst reports. Mizuho lifted their target price on ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Citigroup lifted their target price on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Truist Financial lifted their target price on 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 price objective on ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $92.38.

Insider Buying and Selling

In related 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.