Leavell Investment Management Inc. Buys 5,175 Shares of ONEOK, Inc. (NYSE:OKE)

Leavell Investment Management Inc. lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,236 shares of the utilities provider's stock after purchasing an additional 5,175 shares during the quarter. Leavell Investment Management Inc.'s holdings in ONEOK were worth $12,871,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OKE. International Assets Investment Management LLC boosted its stake in ONEOK by 9,439.9% in the 3rd 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. M&G Plc acquired a new position in ONEOK in the first quarter valued at about $77,634,000. Bahl & Gaynor Inc. increased 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 worth $41,995,000 after buying an additional 501,216 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of ONEOK by 370.1% in the first quarter. Cetera Investment Advisers now owns 615,276 shares of the utilities provider's stock valued at $49,327,000 after acquiring an additional 484,403 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of 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. 69.13% of the stock is currently owned by institutional investors.

ONEOK Trading Up 2.9 %

NYSE:OKE traded up $3.02 during trading hours on Friday, hitting $107.16. The company had a trading volume of 3,579,816 shares, compared to its average volume of 2,621,994. The company has a market capitalization of $62.60 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 5.10 and a beta of 1.66. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a 50-day moving average price of $94.86 and a 200 day moving average price of $86.63. ONEOK, Inc. has a 52 week low of $63.77 and a 52 week high of $107.19.

ONEOK (NYSE:OKE - Get Free Report) last released 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 return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. During the same period in the prior year, the company posted $0.99 earnings per share. On average, equities research analysts predict that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK's payout ratio is 82.85%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Tudor Pickering upgraded ONEOK to a "hold" rating in a research report on Thursday, July 18th. 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 report on Friday, August 30th. Wells Fargo & Company lifted their price objective on ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Truist Financial raised their price objective on ONEOK from $83.00 to $99.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Finally, Citigroup upped their price objective on ONEOK from $85.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $96.92.

Insider Activity

In other 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 transaction of $310,901.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.