ONEOK, Inc. (NYSE:OKE) Shares Sold by LexAurum Advisors LLC

LexAurum Advisors LLC trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 86.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,364 shares of the utilities provider's stock after selling 20,701 shares during the period. LexAurum Advisors LLC's holdings in ONEOK were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. grew its holdings in shares of ONEOK by 3.5% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,795,313 shares of the utilities provider's stock worth $554,158,000 after buying an additional 232,043 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in ONEOK by 28.7% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider's stock valued at $297,059,000 after purchasing an additional 825,464 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in ONEOK by 12.3% during the 1st quarter. First Eagle Investment Management LLC now owns 3,465,068 shares of the utilities provider's stock valued at $277,795,000 after acquiring an additional 378,509 shares during the period. Energy Income Partners LLC lifted its holdings in ONEOK by 10.3% during the 1st quarter. Energy Income Partners LLC now owns 3,434,728 shares of the utilities provider's stock worth $275,362,000 after buying an additional 319,487 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ONEOK by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider's stock valued at $272,377,000 after purchasing an additional 132,326 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.8 %

Shares of ONEOK stock traded up $0.79 during trading hours on Friday, hitting $97.23. The company's stock had a trading volume of 2,123,079 shares, compared to its average volume of 2,669,028. The business has a fifty day moving average of $91.79 and a 200 day moving average of $84.65. ONEOK, Inc. has a 1-year low of $63.33 and a 1-year high of $98.01. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $56.79 billion, a PE ratio of 21.18, a P/E/G ratio of 4.82 and a beta of 1.67.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the firm earned $1.04 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.07%. ONEOK's payout ratio is currently 86.27%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OKE. Barclays raised their price objective on shares of ONEOK from $82.00 to $94.00 and gave the company an "equal weight" rating in a report on Monday, September 16th. Truist Financial increased their target price on shares of ONEOK from $81.00 to $83.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. Scotiabank boosted their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on ONEOK from $89.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, June 26th. Finally, Citigroup raised their target price on ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.77.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. 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.