Bokf Na Sells 7,927 Shares of ONEOK, Inc. (NYSE:OKE)

Bokf Na lessened its stake in ONEOK, Inc. (NYSE:OKE) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 398,207 shares of the utilities provider’s stock after selling 7,927 shares during the quarter. Bokf Na’s holdings in ONEOK were worth $32,474,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. boosted its position in ONEOK by 2.2% during the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock worth $454,000 after purchasing an additional 119 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock worth $1,111,000 after buying an additional 122 shares during the period. Sheets Smith Wealth Management grew its stake in ONEOK by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 52,199 shares of the utilities provider’s stock valued at $4,185,000 after buying an additional 139 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in ONEOK by 0.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 42,597 shares of the utilities provider’s stock valued at $3,474,000 after acquiring an additional 140 shares during the period. Finally, Monarch Capital Management Inc. lifted its position in shares of ONEOK by 0.9% during the second quarter. Monarch Capital Management Inc. now owns 15,716 shares of the utilities provider’s stock worth $1,282,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction on Thursday, September 5th. The shares were 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 is accessible through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

OKE has been the subject of several recent research reports. Mizuho lifted their price target on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on shares of ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Royal Bank of Canada boosted their price objective on shares of ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday, August 22nd. Finally, Truist Financial increased their target price on shares of ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $89.92.

ONEOK Stock Down 1.6 %

OKE opened at $90.24 on Thursday. The business’s fifty day simple moving average is $85.79 and its 200 day simple moving average is $81.58. ONEOK, Inc. has a 52 week low of $60.58 and a 52 week high of $93.00. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. The stock has a market cap of $52.67 billion, a PE ratio of 20.99, a P/E/G ratio of 4.51 and a beta of 1.67.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same period in the prior year, the company earned $1.04 EPS. As a group, research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Thursday, August 1st. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

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.