Ameritas Advisory Services LLC Boosts Holdings in ONEOK, Inc. (NYSE:OKE)

Ameritas Advisory Services LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 45.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,136 shares of the utilities provider’s stock after buying an additional 19,539 shares during the quarter. Ameritas Advisory Services LLC’s holdings in ONEOK were worth $5,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OKE. Allspring Global Investments Holdings LLC grew its holdings in shares of ONEOK by 464.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198,018 shares of the utilities provider’s stock worth $15,875,000 after purchasing an additional 162,963 shares during the period. Norden Group LLC grew its holdings in shares of ONEOK by 153.1% during the 1st quarter. Norden Group LLC now owns 7,458 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 4,511 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of ONEOK during the 1st quarter worth about $209,000. Janney Montgomery Scott LLC grew its holdings in shares of ONEOK by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 163,754 shares of the utilities provider’s stock worth $13,128,000 after purchasing an additional 10,460 shares during the period. Finally, Nordea Investment Management AB lifted its position in ONEOK by 4.5% during the 1st quarter. Nordea Investment Management AB now owns 35,326 shares of the utilities provider’s stock worth $2,827,000 after acquiring an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OKE shares. Wells Fargo & Company boosted their price target on ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday. 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 report on Wednesday, October 16th. Mizuho boosted their price target on ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Morgan Stanley raised 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 research report on Monday, September 16th. Finally, Tudor Pickering raised ONEOK to a “hold” rating in a research report on Thursday, July 18th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.92.

ONEOK Stock Performance

Shares of OKE stock traded up $1.37 on Tuesday, hitting $97.01. 224,543 shares of the stock traded hands, compared to its average volume of 2,726,478. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company has a market capitalization of $56.67 billion, a PE ratio of 20.01, a PEG ratio of 3.98 and a beta of 1.66. ONEOK, Inc. has a 1-year low of $63.33 and a 1-year high of $98.43. The company’s fifty day moving average is $93.80 and its 200 day moving average is $86.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. On average, equities research analysts predict that ONEOK, Inc. will post 5.16 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK’s dividend payout ratio is presently 82.85%.

Insiders Place Their Bets

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

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.