B.O.S.S. Retirement Advisors LLC Buys 410 Shares of ONEOK, Inc. (NYSE:OKE)

B.O.S.S. Retirement Advisors LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,930 shares of the utilities provider’s stock after purchasing an additional 410 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in ONEOK were worth $1,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKE. Rise Advisors LLC purchased a new position in ONEOK during the 1st quarter worth $25,000. Quest Partners LLC purchased a new position in ONEOK during the 2nd quarter worth $28,000. Matrix Trust Co purchased a new position in ONEOK during the 3rd quarter worth $29,000. Ridgewood Investments LLC purchased a new position in ONEOK during the 2nd quarter worth $31,000. Finally, American National Bank purchased a new position in ONEOK during the 1st quarter worth $32,000. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on OKE. Tudor Pickering raised shares of ONEOK to a “hold” rating in a report on Thursday, July 18th. Mizuho boosted their price target on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $103.00 to $111.00 in a report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.08.

ONEOK Trading Up 0.7 %

Shares of OKE opened at $95.65 on Thursday. The business’s 50-day moving average price is $91.32 and its 200-day moving average price is $84.44. ONEOK, Inc. has a twelve month low of $63.33 and a twelve month high of $98.01. The stock has a market cap of $55.83 billion, a PE ratio of 22.24, a P/E/G ratio of 4.68 and a beta of 1.67. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share 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 analysts’ expectations 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 business posted $1.04 earnings per share. On average, equities analysts forecast that ONEOK, Inc. will post 5.09 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 4.14%. ONEOK’s dividend payout ratio (DPR) is 92.09%.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

ONEOK Company 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.