B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 109,384 ONEOK, Inc. (NYSE:OKE)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 109,384 shares of the utilities provider's stock, valued at approximately $9,968,000.

Other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its stake in ONEOK by 50.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 35,271 shares of the utilities provider's stock valued at $2,828,000 after acquiring an additional 11,903 shares during the last quarter. Pitcairn Co. increased its holdings in shares of ONEOK by 21.6% in the 1st quarter. Pitcairn Co. now owns 6,752 shares of the utilities provider's stock valued at $541,000 after purchasing an additional 1,199 shares during the period. Crewe Advisors LLC bought a new stake in ONEOK during the first quarter worth approximately $178,000. CreativeOne Wealth LLC raised its stake in shares of ONEOK by 44.8% in the first quarter. CreativeOne Wealth LLC now owns 22,242 shares of the utilities provider's stock valued at $1,783,000 after purchasing an additional 6,881 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new stake in shares of ONEOK during the first quarter worth $927,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analyst Weigh In

OKE has been the subject of a number of research analyst reports. Citigroup boosted their price target on ONEOK from $85.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. UBS Group increased their price target on ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 15th. Barclays lifted their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Truist Financial upped their price objective 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, Scotiabank raised their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the firm's 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

ONEOK Stock Performance

OKE stock traded up $0.05 during trading hours on Wednesday, hitting $113.16. 2,478,033 shares of the stock were exchanged, compared to its average volume of 2,771,146. The company has a 50-day simple moving average of $97.84 and a two-hundred day simple moving average of $88.39. ONEOK, Inc. has a 12 month low of $65.49 and a 12 month high of $114.33. The firm has a market capitalization of $66.11 billion, a P/E ratio of 23.67, a P/E/G ratio of 5.48 and a beta of 1.66. 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 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 last year, the company posted $0.99 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Friday, November 1st. ONEOK's payout ratio is 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.