ONEOK, Inc. (NYSE:OKE) Shares Bought by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,566 shares of the utilities provider’s stock after buying an additional 200 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in ONEOK were worth $781,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. National Pension Service increased its position in ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock worth $69,608,000 after buying an additional 12,349 shares during the period. Caxton Associates LP purchased a new position in shares of ONEOK in the 2nd quarter valued at approximately $1,225,000. Leavell Investment Management Inc. grew its stake in shares of ONEOK by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after purchasing an additional 5,175 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of ONEOK in the 2nd quarter valued at approximately $15,008,000. Finally, Sageworth Trust Co purchased a new position in shares of ONEOK in the 3rd quarter valued at approximately $568,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OKE. Bank of America began coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Mizuho lifted their target price on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Tudor Pickering upgraded ONEOK to a “hold” rating in a research note on Thursday, July 18th. Truist Financial lifted their price target on ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.92.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

ONEOK Price Performance

OKE traded up $3.02 during trading on Friday, reaching $107.16. 3,580,082 shares of the stock were exchanged, compared to its average volume of 2,621,994. The business’s 50 day moving average price is $94.86 and its two-hundred day moving average price is $86.63. 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 $62.60 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 5.10 and a beta of 1.66. ONEOK, Inc. has a 1 year low of $63.77 and a 1 year high of $107.19.

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 company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the firm earned $0.99 earnings per share. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.70%. ONEOK’s dividend payout ratio (DPR) 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.