5,021 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Equitable Trust Co.

Equitable Trust Co. acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,021 shares of the utilities provider's stock, valued at approximately $458,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Leavell Investment Management Inc. lifted its position in ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after purchasing an additional 5,175 shares during the last quarter. Heronetta Management L.P. raised its holdings in shares of ONEOK by 0.8% during the third quarter. Heronetta Management L.P. now owns 158,252 shares of the utilities provider's stock valued at $14,422,000 after acquiring an additional 1,200 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ONEOK by 3.5% during the third quarter. Principal Financial Group Inc. now owns 710,314 shares of the utilities provider's stock valued at $64,731,000 after acquiring an additional 24,193 shares in the last quarter. Advisors Management Group Inc. ADV raised its holdings in shares of ONEOK by 5.8% during the third quarter. Advisors Management Group Inc. ADV now owns 8,558 shares of the utilities provider's stock valued at $780,000 after acquiring an additional 472 shares in the last quarter. Finally, Graypoint LLC raised its holdings in shares of ONEOK by 15.3% during the third quarter. Graypoint LLC now owns 6,433 shares of the utilities provider's stock valued at $586,000 after acquiring an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

OKE traded up $1.78 on Monday, hitting $108.94. 1,443,519 shares of the company's stock traded hands, compared to its average volume of 2,748,388. The company's 50 day simple moving average is $94.86 and its 200-day simple moving average is $86.71. The firm has a market cap of $63.64 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 5.35 and a beta of 1.66. ONEOK, Inc. has a one year low of $63.77 and a one year high of $108.94. 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 issued its 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). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the business posted $0.99 EPS. As a group, research analysts anticipate that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK's dividend payout ratio is presently 82.85%.

Analyst Ratings Changes

A number of brokerages recently commented on OKE. Mizuho upped their target price on ONEOK from $81.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, July 26th. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 16th. Citigroup upped their price target on ONEOK from $85.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Tudor Pickering raised ONEOK to a "hold" rating in a research note on Thursday, July 18th. Finally, Wells Fargo & Company upped their price target on ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.92.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction that occurred on Thursday, September 5th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

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.