ONEOK, Inc. (NYSE:OKE) Shares Sold by nVerses Capital LLC

nVerses Capital LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 75.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the utilities provider’s stock after selling 4,300 shares during the quarter. nVerses Capital LLC’s holdings in ONEOK were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LP acquired a new stake in ONEOK during the second quarter worth approximately $1,225,000. Point72 Europe London LLP acquired a new position in shares of ONEOK in the 2nd quarter valued at $15,008,000. Norden Group LLC increased its holdings in shares of ONEOK by 4,460.2% in the 1st quarter. Norden Group LLC now owns 134,388 shares of the utilities provider’s stock valued at $10,773,000 after acquiring an additional 131,441 shares during the period. NewEdge Advisors LLC increased its holdings in shares of ONEOK by 61.0% in the 2nd quarter. NewEdge Advisors LLC now owns 145,132 shares of the utilities provider’s stock valued at $11,836,000 after acquiring an additional 54,978 shares during the period. Finally, Catalyst Financial Partners LLC acquired a new position in shares of ONEOK in the 2nd quarter valued at $328,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $97.23 on Monday. The firm has a market capitalization of $56.79 billion, a P/E ratio of 21.18, a PEG ratio of 4.82 and a beta of 1.67. ONEOK, Inc. has a one year low of $63.33 and a one year high of $98.01. The company’s fifty day moving average is $91.79 and its two-hundred day moving average is $84.71. 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, topping the consensus estimate of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the firm earned $1.04 EPS. Analysts forecast that ONEOK, Inc. will post 5.09 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be given a $0.99 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.07%. ONEOK’s dividend payout ratio is presently 86.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of ONEOK from $82.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on shares of ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Royal Bank of Canada lifted their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.77.

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.