ONEOK, Inc. (NYSE:OKE) is Barnett & Company Inc.’s 9th Largest Position

Barnett & Company Inc. lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,816 shares of the utilities provider’s stock after selling 300 shares during the quarter. ONEOK accounts for about 3.5% of Barnett & Company Inc.’s holdings, making the stock its 9th largest position. Barnett & Company Inc.’s holdings in ONEOK were worth $5,269,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of ONEOK by 3.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,795,313 shares of the utilities provider’s stock valued at $554,158,000 after purchasing an additional 232,043 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in ONEOK by 12.3% in the 1st quarter. First Eagle Investment Management LLC now owns 3,465,068 shares of the utilities provider’s stock worth $277,795,000 after acquiring an additional 378,509 shares in the last quarter. Energy Income Partners LLC boosted its position in ONEOK by 10.3% during the 1st quarter. Energy Income Partners LLC now owns 3,434,728 shares of the utilities provider’s stock worth $275,362,000 after acquiring an additional 319,487 shares during the period. Dimensional Fund Advisors LP grew its stake in ONEOK by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider’s stock valued at $272,377,000 after acquiring an additional 132,326 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock valued at $294,440,000 after purchasing an additional 3,197,121 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on OKE. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Bank of America started coverage on shares of ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 target price for the company. Morgan Stanley raised shares of 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 research note on Monday, September 16th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, Citigroup upped 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. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.92.

Insider Buying and Selling

In other 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 transaction of $310,901.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

ONEOK Stock Performance

Shares of OKE stock traded down $0.98 during trading on Tuesday, reaching $108.06. The company had a trading volume of 468,854 shares, compared to its average volume of 2,744,967. The company has a market capitalization of $63.13 billion, a PE ratio of 22.81, a PEG ratio of 5.35 and a beta of 1.66. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm’s 50 day simple moving average is $95.19 and its two-hundred day simple moving average is $86.90. ONEOK, Inc. has a one year low of $63.77 and a one year high of $109.18.

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

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be paid a $0.99 dividend. The ex-dividend date is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. ONEOK’s payout ratio is 82.85%.

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.