World Investment Advisors LLC Acquires 6,381 Shares of ONEOK, Inc. (NYSE:OKE)

World Investment Advisors LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 154.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,522 shares of the utilities provider’s stock after buying an additional 6,381 shares during the period. World Investment Advisors LLC’s holdings in ONEOK were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of ONEOK in the 2nd quarter worth $28,000. Matrix Trust Co bought a new position in ONEOK in the third quarter worth about $29,000. Ridgewood Investments LLC purchased a new stake in shares of ONEOK during the second quarter valued at about $31,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at about $37,000. Finally, Values First Advisors Inc. purchased a new position in shares of ONEOK in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of ONEOK stock opened at $104.03 on Monday. The business’s fifty day moving average price is $103.54 and its 200 day moving average price is $91.93. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $60.77 billion, a P/E ratio of 21.76, a PEG ratio of 5.26 and a beta of 1.69.

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 net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, research analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio is presently 82.85%.

Wall Street Analyst Weigh In

OKE has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Truist Financial boosted their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Finally, Citigroup increased their price objective on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

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.