National Pension Service Purchases 12,349 Shares of ONEOK, Inc. (NYSE:OKE)

National Pension Service raised its holdings in ONEOK, Inc. (NYSE:OKE) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 763,833 shares of the utilities provider’s stock after acquiring an additional 12,349 shares during the period. National Pension Service’s holdings in ONEOK were worth $69,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of OKE. Robeco Institutional Asset Management B.V. increased its stake in ONEOK by 50.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 151,844 shares of the utilities provider’s stock worth $13,838,000 after acquiring an additional 50,808 shares during the last quarter. BSW Wealth Partners lifted its stake in ONEOK by 11.9% in the third quarter. BSW Wealth Partners now owns 2,998 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 319 shares during the last quarter. Angeles Wealth Management LLC bought a new position in ONEOK during the 3rd quarter worth approximately $250,000. Van ECK Associates Corp grew its holdings in shares of ONEOK by 14.3% in the third quarter. Van ECK Associates Corp now owns 196,855 shares of the utilities provider’s stock worth $19,048,000 after purchasing an additional 24,594 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in ONEOK by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 187,696 shares of the utilities provider’s stock worth $17,105,000 after acquiring an additional 3,139 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Price Performance

Shares of NYSE OKE opened at $98.61 on Wednesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a one year low of $63.33 and a one year high of $98.65. The firm has a market cap of $57.61 billion, a PE ratio of 20.63, a PEG ratio of 3.98 and a beta of 1.66. The firm has a fifty day moving average of $94.01 and a 200 day moving average of $86.20.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. As a group, research analysts predict that ONEOK, Inc. will post 5.16 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 4.02%. The ex-dividend date is Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

Insider Transactions at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on OKE shares. 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 report on Wednesday, October 30th. Mizuho upped their target price on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Bank of America initiated coverage on ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective for the company. Barclays boosted their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, 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 report on Friday, August 30th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and a consensus price target of $96.92.

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.