ONEOK, Inc. (NYSE:OKE) Shares Sold by Commerce Bank

Commerce Bank lowered its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 156,367 shares of the utilities provider's stock after selling 4,990 shares during the period. Commerce Bank's holdings in ONEOK were worth $14,250,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Prospera Private Wealth LLC grew its holdings in ONEOK by 161.7% during the third quarter. Prospera Private Wealth LLC now owns 9,488 shares of the utilities provider's stock worth $865,000 after acquiring an additional 5,862 shares during the period. Premier Fund Managers Ltd grew its stake in shares of ONEOK by 11.1% in the 3rd quarter. Premier Fund Managers Ltd now owns 67,750 shares of the utilities provider's stock worth $6,113,000 after purchasing an additional 6,750 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of ONEOK by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 37,657 shares of the utilities provider's stock worth $3,432,000 after purchasing an additional 1,026 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in ONEOK by 1.5% during the third quarter. PNC Financial Services Group Inc. now owns 192,611 shares of the utilities provider's stock valued at $17,553,000 after purchasing an additional 2,921 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in ONEOK in the third quarter worth approximately $9,968,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of analyst reports. Citigroup upped their price objective 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. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Barclays lifted 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. Wells Fargo & Company increased their target price on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

ONEOK Stock Up 0.0 %

Shares of NYSE OKE opened at $113.16 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm's fifty day moving average is $97.84 and its 200 day moving average is $88.39. The company has a market cap of $66.11 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 5.64 and a beta of 1.66. ONEOK, Inc. has a 52 week low of $65.49 and a 52 week high of $114.33.

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

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a $0.99 dividend. 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%.

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.