ONEOK, Inc. (NYSE:OKE) Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC grew its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 45.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,136 shares of the utilities provider's stock after buying an additional 19,539 shares during the quarter. Ameritas Advisory Services LLC's holdings in ONEOK were worth $5,662,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in ONEOK by 464.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 198,018 shares of the utilities provider's stock worth $15,875,000 after buying an additional 162,963 shares during the period. Norden Group LLC grew its holdings in shares of ONEOK by 153.1% in the 1st quarter. Norden Group LLC now owns 7,458 shares of the utilities provider's stock worth $598,000 after acquiring an additional 4,511 shares during the period. Diversify Advisory Services LLC purchased a new position in ONEOK in the 1st quarter valued at approximately $209,000. Janney Montgomery Scott LLC raised its holdings in ONEOK by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 163,754 shares of the utilities provider's stock worth $13,128,000 after purchasing an additional 10,460 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in ONEOK by 4.5% during the first quarter. Nordea Investment Management AB now owns 35,326 shares of the utilities provider's stock worth $2,827,000 after purchasing an additional 1,513 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Pattye L. Moore sold 3,379 shares of the 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 Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup upped their price target on shares of ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Truist Financial increased their target price on ONEOK from $83.00 to $99.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a report on Friday. Tudor Pickering raised ONEOK to a "hold" rating in a research note on Thursday, July 18th. Finally, Mizuho lifted their price objective on ONEOK from $81.00 to $85.00 and gave the stock a "neutral" rating in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $96.92.

ONEOK Trading Up 3.1 %

Shares of OKE stock traded up $2.97 on Tuesday, reaching $98.61. 3,028,879 shares of the stock were exchanged, compared to its average volume of 2,739,645. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a market cap of $57.61 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 3.98 and a beta of 1.66. The firm has a 50 day moving average of $94.01 and a two-hundred day moving average of $86.20. ONEOK, Inc. has a 1-year low of $63.33 and a 1-year high of $98.65.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $0.99 earnings per share. On average, research analysts anticipate that ONEOK, Inc. will post 5.16 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 4.02%. ONEOK's dividend payout ratio (DPR) is 82.85%.

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.