ONEOK, Inc. (NYSE:OKE) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 867,616 shares of the utilities provider's stock after buying an additional 44,293 shares during the quarter. Bank of Montreal Can owned approximately 0.15% of ONEOK worth $78,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HM Payson & Co. lifted its stake in ONEOK by 6.3% in the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock worth $161,000 after purchasing an additional 105 shares in the last quarter. Claro Advisors LLC lifted its stake in ONEOK by 1.6% in the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider's stock worth $650,000 after purchasing an additional 115 shares in the last quarter. Haverford Trust Co lifted its stake in ONEOK by 1.2% in the 3rd quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock worth $917,000 after purchasing an additional 117 shares in the last quarter. QRG Capital Management Inc. lifted its stake in ONEOK by 2.2% in the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock worth $454,000 after purchasing an additional 119 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock worth $1,111,000 after purchasing an additional 122 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 1.0 %

Shares of ONEOK stock traded down $1.18 during trading hours on Wednesday, hitting $112.27. The company had a trading volume of 232,411 shares, compared to its average volume of 2,808,233. The company's 50-day moving average is $99.60 and its two-hundred day moving average is $89.46. ONEOK, Inc. has a twelve month low of $65.49 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company has a market cap of $65.59 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 5.56 and a beta of 1.66.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 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 quarter last year, the company earned $0.99 EPS. Analysts anticipate that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. ONEOK's payout ratio is currently 82.85%.

Insiders Place Their Bets

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

OKE has been the topic of several analyst reports. Citigroup lifted their price target on shares of ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Bank of America initiated coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a "buy" rating and a $105.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Morgan Stanley upgraded shares of ONEOK from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Finally, Royal Bank of Canada boosted their price target on shares of ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $100.38.

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.