Beaird Harris Wealth Management LLC decreased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,577 shares of the utilities provider's stock after selling 11,665 shares during the period. Beaird Harris Wealth Management LLC's holdings in ONEOK were worth $2,786,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in OKE. HM Payson & Co. grew its position in shares of 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 acquiring an additional 105 shares in the last quarter. Claro Advisors LLC lifted its stake in ONEOK by 1.6% during the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider's stock worth $650,000 after purchasing an additional 115 shares during the last quarter. Haverford Trust Co increased its stake in ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock valued at $917,000 after purchasing an additional 117 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in ONEOK by 0.9% during the second quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock valued at $1,111,000 after purchasing an additional 122 shares during the last quarter. Finally, Brighton Jones LLC raised its holdings in shares of ONEOK by 1.1% during the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider's stock worth $935,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.
ONEOK Trading Down 0.5 %
OKE traded down $0.49 during midday trading on Friday, reaching $103.98. 1,801,741 shares of the company were exchanged, compared to its average volume of 2,801,106. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market capitalization of $60.74 billion, a P/E ratio of 21.86, a PEG ratio of 5.26 and a beta of 1.69. The stock's 50-day simple moving average is $103.37 and its 200 day simple moving average is $91.61. ONEOK, Inc. has a one year low of $67.05 and a one year high of $118.07.
ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, analysts forecast that ONEOK, Inc. will post 5.1 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. Investors of record on Friday, November 1st were issued 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 dividend yield of 3.81%. ONEOK's payout ratio is presently 82.85%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Truist Financial upped their price objective on ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research note on Tuesday, December 3rd. Citigroup upped their price target on shares of ONEOK from $85.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Morgan Stanley raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Bank of America assumed coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a "buy" rating and a $105.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Seven equities research 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, ONEOK has a consensus rating of "Moderate Buy" and an average price target of $101.00.
Check Out Our Latest Research Report on ONEOK
ONEOK Profile
(
Free Report)
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.
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