ONEOK, Inc. (NYSE:OKE) Shares Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,236 shares of the utilities provider’s stock after purchasing an additional 5,175 shares during the period. Leavell Investment Management Inc.’s holdings in ONEOK were worth $12,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Heronetta Management L.P. lifted its holdings in ONEOK by 0.8% during the 3rd quarter. Heronetta Management L.P. now owns 158,252 shares of the utilities provider’s stock worth $14,422,000 after buying an additional 1,200 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in ONEOK by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 710,314 shares of the utilities provider’s stock valued at $64,731,000 after purchasing an additional 24,193 shares in the last quarter. Advisors Management Group Inc. ADV boosted its holdings in ONEOK by 5.8% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 8,558 shares of the utilities provider’s stock valued at $780,000 after purchasing an additional 472 shares in the last quarter. Graypoint LLC boosted its stake in shares of ONEOK by 15.3% during the 3rd quarter. Graypoint LLC now owns 6,433 shares of the utilities provider’s stock worth $586,000 after acquiring an additional 853 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its stake in shares of ONEOK by 3.3% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,312 shares of the utilities provider’s stock worth $484,000 after acquiring an additional 171 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Performance

OKE traded up $1.65 during trading on Friday, hitting $105.79. The stock had a trading volume of 908,775 shares, compared to its average volume of 2,742,091. The firm has a market cap of $61.80 billion, a PE ratio of 21.78, a P/E/G ratio of 4.08 and a beta of 1.66. ONEOK, Inc. has a 12 month low of $63.77 and a 12 month high of $106.30. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a 50 day simple moving average of $94.29 and a 200-day simple moving average of $86.31.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $0.99 earnings per share. Analysts expect that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.74%. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays boosted their price target on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday. Bank of America initiated coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Scotiabank boosted their price target on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada upped their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.92.

Insider Activity

In other ONEOK 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

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.