EP Wealth Advisors LLC Acquires 8,091 Shares of ONEOK, Inc. (NYSE:OKE)

EP Wealth Advisors LLC grew its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 54.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,859 shares of the utilities provider's stock after acquiring an additional 8,091 shares during the quarter. EP Wealth Advisors LLC's holdings in ONEOK were worth $2,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in ONEOK by 9,439.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock valued at $294,440,000 after purchasing an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ONEOK by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider's stock valued at $1,593,023,000 after buying an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ONEOK during the third quarter worth about $47,957,000. Bahl & Gaynor Inc. raised its position in ONEOK by 3,648.4% in the second quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider's stock worth $41,995,000 after acquiring an additional 501,216 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in ONEOK by 129.2% in the 3rd quarter. Wellington Management Group LLP now owns 788,699 shares of the utilities provider's stock valued at $71,874,000 after acquiring an additional 444,559 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OKE shares. Royal Bank of Canada lifted their price objective 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. Mizuho raised ONEOK to a "hold" rating in a report on Thursday, November 7th. UBS Group increased their price objective on ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Scotiabank boosted their target price on ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 30th. Finally, US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.00.

ONEOK Stock Down 0.7 %

OKE stock traded down $0.78 during midday trading on Tuesday, reaching $104.34. The company had a trading volume of 2,618,328 shares, compared to its average volume of 2,809,110. The company has a 50 day moving average of $102.71 and a two-hundred day moving average of $91.26. The company has a market capitalization of $60.95 billion, a P/E ratio of 21.83, a PEG ratio of 5.49 and a beta of 1.69. ONEOK, Inc. has a 1 year low of $65.49 and a 1 year high of $118.07. 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 data 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 firm had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.99 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. 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.