OneAscent Financial Services LLC Purchases Shares of 3,473 ONEOK, Inc. (NYSE:OKE)

OneAscent Financial Services LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,473 shares of the utilities provider’s stock, valued at approximately $317,000.

Several other large investors have also added to or reduced their stakes in OKE. Caprock Group LLC lifted its holdings in shares of ONEOK by 267.5% in the third quarter. Caprock Group LLC now owns 35,101 shares of the utilities provider’s stock worth $3,199,000 after buying an additional 25,549 shares in the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of ONEOK by 5.9% in the third quarter. Strengthening Families & Communities LLC now owns 38,014 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 2,103 shares in the last quarter. Swiss National Bank lifted its holdings in shares of ONEOK by 0.3% in the third quarter. Swiss National Bank now owns 1,732,188 shares of the utilities provider’s stock worth $157,854,000 after buying an additional 5,600 shares in the last quarter. Claro Advisors LLC lifted its holdings in shares of ONEOK by 1.6% in the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock worth $650,000 after buying an additional 115 shares in the last quarter. Finally, Tower Bridge Advisors lifted its holdings in shares of ONEOK by 5.0% in the third quarter. Tower Bridge Advisors now owns 81,528 shares of the utilities provider’s stock worth $7,430,000 after buying an additional 3,895 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OKE. Bank of America began coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. UBS Group boosted their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada upped their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Truist Financial upped their price target on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Citigroup upped their price target on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.38.

ONEOK Trading Up 2.5 %

NYSE OKE opened at $112.51 on Tuesday. The company’s 50-day moving average price is $96.95 and its 200-day moving average price is $87.97. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a market cap of $65.73 billion, a PE ratio of 23.54, a PEG ratio of 5.48 and a beta of 1.66. ONEOK, Inc. has a 12 month low of $65.49 and a 12 month high of $112.93.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business 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. Equities research analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, November 1st. ONEOK’s payout ratio is 82.85%.

Insider Buying and Selling at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

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.