Fifth Third Wealth Advisors LLC Acquires 11,160 Shares of ONEOK, Inc. (NYSE:OKE)

Fifth Third Wealth Advisors LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 222.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,181 shares of the utilities provider's stock after purchasing an additional 11,160 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in ONEOK were worth $1,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in ONEOK by 9,439.9% during the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock valued at $294,440,000 after buying an additional 3,197,121 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of ONEOK by 3,648.4% during the second quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider's stock valued at $41,995,000 after buying an additional 501,216 shares in the last quarter. Cetera Investment Advisers raised its position in ONEOK by 370.1% during the first quarter. Cetera Investment Advisers now owns 615,276 shares of the utilities provider's stock valued at $49,327,000 after buying an additional 484,403 shares during the period. Strategic Financial Concepts LLC lifted its stake in ONEOK by 3,137.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 405,158 shares of the utilities provider's stock worth $330,000 after acquiring an additional 392,644 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in ONEOK by 119.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 588,801 shares of the utilities provider's stock valued at $53,657,000 after acquiring an additional 320,967 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Scotiabank boosted their price target on ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research note on Friday, August 30th. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Mizuho raised shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

ONEOK Stock Up 0.0 %

OKE traded up $0.05 during trading on Wednesday, hitting $113.16. The company had a trading volume of 2,478,033 shares, compared to its average volume of 2,771,146. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a one year low of $65.49 and a one year high of $114.33. The company has a market capitalization of $66.11 billion, a PE ratio of 23.66, a PEG ratio of 5.48 and a beta of 1.66. The firm's 50-day moving average price is $97.38 and its 200 day moving average price is $88.22.

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 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 company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, equities 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 issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.50%. ONEOK's dividend payout ratio is currently 82.85%.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the firm's stock in a transaction 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 filing with the SEC, which is available at this link. Insiders own 0.20% of the company's stock.

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.