Gentry Private Wealth LLC Has $501,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Gentry Private Wealth LLC cut its holdings in ONEOK, Inc. (NYSE:OKE) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,503 shares of the utilities provider’s stock after selling 97 shares during the quarter. Gentry Private Wealth LLC’s holdings in ONEOK were worth $501,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of ONEOK during the second quarter worth approximately $28,000. Matrix Trust Co acquired a new position in shares of ONEOK during the third quarter worth approximately $29,000. Ridgewood Investments LLC acquired a new position in shares of ONEOK during the second quarter worth approximately $31,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the third quarter worth approximately $37,000. Finally, Values First Advisors Inc. acquired a new position in shares of ONEOK during the third quarter worth approximately $44,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Truist Financial increased their price target on ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Royal Bank of Canada increased their price target on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Finally, Citigroup increased their price target on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and an average target price of $100.38.

ONEOK Stock Up 0.3 %

Shares of NYSE:OKE opened at $117.05 on Friday. 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 company has a market capitalization of $68.38 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 5.82 and a beta of 1.66. ONEOK, Inc. has a 1 year low of $65.49 and a 1 year high of $118.07. The business has a fifty day moving average price of $98.87 and a two-hundred day moving average price of $88.93.

ONEOK (NYSE:OKE) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the company posted $0.99 EPS. Analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a dividend of $0.99 per share. 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 payout ratio is 82.85%.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

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.