3,141 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,141 shares of the utilities provider’s stock, valued at approximately $286,000.

A number of other hedge funds have also recently bought and sold shares of OKE. Wellington Management Group LLP boosted its position in ONEOK by 2,643.5% during the fourth quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock worth $82,209,000 after acquiring an additional 1,128,066 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in ONEOK during the fourth quarter worth approximately $103,000. CWM LLC boosted its position in ONEOK by 1.8% during the first quarter. CWM LLC now owns 37,603 shares of the utilities provider’s stock worth $3,015,000 after acquiring an additional 676 shares during the last quarter. GAMMA Investing LLC boosted its position in ONEOK by 11.3% during the first quarter. GAMMA Investing LLC now owns 5,450 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 554 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in ONEOK during the first quarter worth approximately $25,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Transactions at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the company’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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday, August 22nd. Barclays boosted their price target on ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Citigroup boosted their price target on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company boosted their price target on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Truist Financial boosted their price target on ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Eight 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 an average rating of “Moderate Buy” and an average target price of $92.38.

ONEOK Stock Performance

Shares of OKE stock opened at $94.98 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. ONEOK, Inc. has a fifty-two week low of $63.33 and a fifty-two week high of $98.01. The stock’s 50-day moving average is $91.07 and its two-hundred day moving average is $84.36. The firm has a market cap of $55.43 billion, a P/E ratio of 22.09, a PEG ratio of 4.68 and a beta of 1.67.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same quarter in the prior year, the company posted $1.04 EPS. Analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

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.