B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in ONEOK, Inc. (NYSE:OKE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 109,384 shares of the utilities provider’s stock, valued at approximately $9,968,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Matrix Trust Co purchased a new stake in shares of ONEOK in the 3rd quarter worth approximately $29,000. Quest Partners LLC purchased a new stake in ONEOK during the second quarter worth $28,000. Ridgewood Investments LLC bought a new stake in ONEOK during the 2nd quarter valued at $31,000. Access Investment Management LLC purchased a new position in shares of ONEOK in the 3rd quarter valued at $37,000. Finally, Values First Advisors Inc. bought a new position in shares of ONEOK in the 3rd quarter worth $44,000. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.5 %

ONEOK stock opened at $113.10 on Wednesday. The stock has a 50-day moving average price of $97.38 and a 200 day moving average price of $88.22. The company has a market capitalization of $66.07 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 5.48 and a beta of 1.66. ONEOK, Inc. has a 52 week low of $65.49 and a 52 week high of $113.23. 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 (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion for 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 in the previous year, the firm posted $0.99 earnings per share. Sell-side analysts anticipate that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.50%. The ex-dividend date was Friday, November 1st. ONEOK’s dividend payout ratio is currently 82.85%.

Insider Buying and Selling at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Barclays increased their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Truist Financial lifted their price target on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Scotiabank upped their price target on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and an average target price 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.