Haverford Trust Co Acquires 117 Shares of ONEOK, Inc. (NYSE:OKE)

Haverford Trust Co lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,067 shares of the utilities provider’s stock after acquiring an additional 117 shares during the period. Haverford Trust Co’s holdings in ONEOK were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OKE. Quest Partners LLC bought a new position in shares of ONEOK in the 2nd quarter valued at about $28,000. Matrix Trust Co bought a new position in shares of ONEOK in the 3rd quarter valued at about $29,000. Ridgewood Investments LLC bought a new stake in ONEOK in the second quarter worth about $31,000. Access Investment Management LLC bought a new stake in ONEOK in the third quarter worth about $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK in the third quarter worth about $44,000. Institutional investors own 69.13% of the company’s stock.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction that occurred on 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 the SEC website. 0.20% of the stock is owned by insiders.

ONEOK Stock Performance

Shares of OKE stock opened at $108.17 on Thursday. The firm has a market cap of $63.19 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 5.38 and a beta of 1.66. The company’s 50 day moving average is $95.51 and its 200 day moving average is $87.09. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52-week low of $64.68 and a 52-week high of $109.21.

ONEOK (NYSE:OKE) last announced 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). The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the business earned $0.99 earnings per share. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders 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 yield of 3.66%. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OKE. Truist Financial raised their price objective on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Scotiabank raised their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 30th. Citigroup raised their price objective on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Finally, Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.92.

About ONEOK

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.