ONEOK, Inc. (NYSE:OKE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 510,893 shares of the utilities provider’s stock after selling 26,391 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of ONEOK worth $46,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its holdings in shares of ONEOK by 13.2% during the third quarter. Aptus Capital Advisors LLC now owns 4,433 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 518 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ONEOK by 1.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,408,137 shares of the utilities provider’s stock valued at $128,324,000 after purchasing an additional 26,420 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of ONEOK by 2.0% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,346 shares of the utilities provider’s stock valued at $1,581,000 after purchasing an additional 336 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of ONEOK by 11.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after purchasing an additional 5,451 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in shares of ONEOK during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial upped their target price on ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Barclays increased their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Scotiabank increased their price objective on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a report on Friday, August 30th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average price target of $100.38.

Insider Activity

In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE OKE opened at $109.81 on Friday. The stock has a fifty day moving average price of $96.17 and a two-hundred day moving average price of $87.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a market cap of $64.15 billion, a P/E ratio of 22.97, a PEG ratio of 5.40 and a beta of 1.66. ONEOK, Inc. has a 1 year low of $64.68 and a 1 year high of $110.05.

ONEOK (NYSE:OKE) last announced 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 net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the company posted $0.99 EPS. Research analysts forecast that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a dividend of $0.99 per share. The ex-dividend date was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

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.