ONEOK, Inc. (NYSE:OKE) Position Raised by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 446,661 shares of the utilities provider's stock after acquiring an additional 21,704 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of ONEOK worth $40,704,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. National Pension Service increased its holdings in shares of ONEOK by 1.6% in the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock valued at $69,608,000 after acquiring an additional 12,349 shares during the period. Leavell Investment Management Inc. boosted its position in shares of ONEOK by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock worth $12,871,000 after purchasing an additional 5,175 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of ONEOK during the 2nd quarter worth $1,225,000. Point72 Europe London LLP purchased a new stake in shares of ONEOK during the 2nd quarter worth $15,008,000. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of ONEOK by 11.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock worth $4,972,000 after purchasing an additional 5,451 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 2.5 %

Shares of NYSE:OKE traded up $2.70 during trading on Monday, reaching $112.51. 3,636,904 shares of the stock were exchanged, compared to its average volume of 2,770,235. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 12-month low of $65.49 and a 12-month high of $112.93. The firm has a market cap of $65.73 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 5.48 and a beta of 1.66. The firm's 50-day moving average price is $96.54 and its 200 day moving average price is $87.72.

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 analysts' consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion for 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 in the previous year, the firm posted $0.99 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, November 1st. ONEOK's dividend payout ratio is presently 82.85%.

Analyst Upgrades and Downgrades

OKE has been the topic of several research analyst reports. Barclays boosted their target price 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 boosted their target price on shares of ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a "buy" rating and a $105.00 price objective on the stock. Truist Financial boosted their price objective on shares of ONEOK from $83.00 to $99.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

ONEOK 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.