ONEOK, Inc. (NYSE:OKE) Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 11.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,557 shares of the utilities provider's stock after purchasing an additional 5,451 shares during the period. Nations Financial Group Inc. IA ADV's holdings in ONEOK were worth $4,972,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. HM Payson & Co. increased its holdings in ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock valued at $161,000 after purchasing an additional 105 shares during the period. QRG Capital Management Inc. grew its holdings in shares of ONEOK by 2.2% during the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock worth $454,000 after acquiring an additional 119 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of ONEOK by 0.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock worth $1,111,000 after acquiring an additional 122 shares during the period. Brighton Jones LLC grew its holdings in shares of ONEOK by 1.1% during the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider's stock worth $935,000 after acquiring an additional 122 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in shares of ONEOK by 1.4% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider's stock worth $839,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Up 1.8 %

Shares of OKE stock traded up $1.89 during trading hours on Monday, reaching $109.05. 2,974,032 shares of the company's stock were exchanged, compared to its average volume of 2,755,406. ONEOK, Inc. has a 1 year low of $63.77 and a 1 year high of $109.18. The stock has a market cap of $63.71 billion, a PE ratio of 22.42, a PEG ratio of 5.35 and a beta of 1.66. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock's fifty day moving average price is $94.86 and its two-hundred day moving average price is $86.71.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. During the same quarter in the prior year, the company earned $0.99 EPS. Research analysts predict that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK's payout ratio is 82.85%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price objective on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Scotiabank upped their target price on shares of ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research note on Friday, August 30th. Barclays upped their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Citigroup upped their target price 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. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.92.

Insider Transactions at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company'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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.