ONEOK, Inc. (NYSE:OKE) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 76.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,561 shares of the utilities provider's stock after purchasing an additional 10,240 shares during the quarter. Atria Investments Inc's holdings in ONEOK were worth $2,147,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC lifted its stake in shares of ONEOK by 5.3% in the third quarter. Oxbow Advisors LLC now owns 12,485 shares of the utilities provider's stock worth $1,138,000 after buying an additional 623 shares in the last quarter. Lindbrook Capital LLC lifted its stake in ONEOK by 44.0% in the 3rd quarter. Lindbrook Capital LLC now owns 22,945 shares of the utilities provider's stock worth $2,091,000 after purchasing an additional 7,015 shares in the last quarter. SpiderRock Advisors LLC boosted its holdings in shares of ONEOK by 1.8% during the 3rd quarter. SpiderRock Advisors LLC now owns 8,093 shares of the utilities provider's stock worth $738,000 after purchasing an additional 147 shares during the last quarter. Equitable Trust Co. purchased a new stake in shares of ONEOK in the third quarter valued at approximately $458,000. Finally, Leavell Investment Management Inc. increased its holdings in shares of ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after purchasing an additional 5,175 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Scotiabank boosted their price target on shares of ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research report on Friday, August 30th. Royal Bank of Canada lifted their target price on ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 16th. Mizuho upgraded shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Morgan Stanley raised ONEOK from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Finally, Tudor Pickering upgraded shares of ONEOK to a "hold" rating in a research note on Thursday, July 18th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

ONEOK Price Performance

Shares of NYSE:OKE traded up $0.99 during midday trading on Friday, hitting $108.87. 1,171,706 shares of the stock were exchanged, compared to its average volume of 2,755,839. The stock has a market cap of $63.60 billion, a P/E ratio of 22.77, a PEG ratio of 5.40 and a beta of 1.66. ONEOK, Inc. has a twelve month low of $64.68 and a twelve month high of $109.35. The company has a 50 day moving average price of $96.17 and a 200-day moving average price of $87.38. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly 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 net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. During the same period last year, the company earned $0.99 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's payout ratio is 82.85%.

Insider Transactions at ONEOK

In other ONEOK 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

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.