ONEOK, Inc. (NYSE:OKE) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,631 shares of the utilities provider's stock after selling 4,871 shares during the quarter. Advisors Asset Management Inc.'s holdings in ONEOK were worth $7,804,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OKE. O Shaughnessy Asset Management LLC boosted its stake in shares of ONEOK by 50.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 35,271 shares of the utilities provider's stock worth $2,828,000 after acquiring an additional 11,903 shares during the period. Pitcairn Co. grew its holdings in ONEOK by 21.6% during the 1st quarter. Pitcairn Co. now owns 6,752 shares of the utilities provider's stock valued at $541,000 after buying an additional 1,199 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of ONEOK by 44.8% during the first quarter. CreativeOne Wealth LLC now owns 22,242 shares of the utilities provider's stock valued at $1,783,000 after buying an additional 6,881 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of ONEOK during the first quarter worth $927,000. Finally, EP Wealth Advisors LLC grew its stake in ONEOK by 23.7% during the first quarter. EP Wealth Advisors LLC now owns 17,325 shares of the utilities provider's stock valued at $1,389,000 after acquiring an additional 3,324 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OKE shares. Scotiabank increased their target price on ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Bank of America started coverage on ONEOK in a report on Thursday, October 17th. They set a "buy" rating and a $105.00 price target on the stock. Citigroup increased their target price 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. Finally, Barclays increased their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the firm'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 document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

ONEOK Stock Up 2.5 %

Shares of OKE stock traded up $2.79 during trading hours on Thursday, reaching $115.95. 568,059 shares of the company's stock were exchanged, compared to its average volume of 2,761,398. 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 company has a market cap of $67.74 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 5.64 and a beta of 1.66. ONEOK, Inc. has a fifty-two week low of $65.49 and a fifty-two week high of $115.95. The stock's 50 day moving average is $97.84 and its 200-day moving average is $88.39.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share 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 business had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. Analysts predict that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, November 1st. ONEOK's dividend payout ratio is presently 82.85%.

About ONEOK

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.