Banco Santander S.A. Lowers Stock Position in ONEOK, Inc. (NYSE:OKE)

Banco Santander S.A. cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,262 shares of the utilities provider’s stock after selling 581 shares during the quarter. Banco Santander S.A.’s holdings in ONEOK were worth $1,573,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Matrix Trust Co bought a new position in ONEOK during the third quarter valued at about $29,000. Quest Partners LLC purchased a new stake in shares of ONEOK during the second quarter worth $28,000. Ridgewood Investments LLC bought a new position in shares of ONEOK in the second quarter worth $31,000. Access Investment Management LLC purchased a new position in shares of ONEOK in the third quarter valued at $37,000. Finally, Values First Advisors Inc. bought a new stake in shares of ONEOK during the third quarter valued at about $44,000. 69.13% of the stock is owned by institutional investors.

Insider Activity

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company’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 legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

ONEOK Price Performance

Shares of ONEOK stock opened at $117.04 on Friday. The firm has a market cap of $68.37 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 5.82 and a beta of 1.66. The company’s fifty day simple moving average is $98.87 and its two-hundred day simple moving average is $88.86. 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 12-month low of $65.49 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter last year, the business posted $0.99 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.38%. ONEOK’s dividend payout ratio is 82.85%.

Analyst Ratings Changes

OKE has been the subject of several analyst reports. UBS Group raised their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial upped their price objective on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. 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 research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Citigroup increased their target price on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

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.