Sage Advisors LLC Has $5.20 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Sage Advisors LLC raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 13.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 57,017 shares of the utilities provider's stock after purchasing an additional 6,654 shares during the period. ONEOK accounts for approximately 4.1% of Sage Advisors LLC's holdings, making the stock its 7th biggest holding. Sage Advisors LLC's holdings in ONEOK were worth $5,196,000 at the end of the most recent reporting period.

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

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of research reports. Bank of America initiated 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. Barclays upped their price objective 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. Mizuho upgraded shares of ONEOK to a "hold" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $100.38.

ONEOK Stock Up 1.8 %

NYSE:OKE traded up $1.93 during midday trading on Friday, reaching $109.81. The company had a trading volume of 3,500,516 shares, compared to its average volume of 2,882,617. The firm has a market capitalization of $64.15 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 5.48 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 simple moving average is $96.54 and its 200-day simple moving average is $87.64. ONEOK, Inc. has a 12-month low of $64.68 and a 12-month high of $110.05.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a dividend of $0.99 per share. The ex-dividend date was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. ONEOK's payout ratio is 82.85%.

About ONEOK

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.