Sanctuary Advisors LLC Acquires 12,471 Shares of ONEOK, Inc. (NYSE:OKE)

Sanctuary Advisors LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,377 shares of the utilities provider's stock after purchasing an additional 12,471 shares during the quarter. Sanctuary Advisors LLC's holdings in ONEOK were worth $11,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of ONEOK by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider's stock valued at $1,593,023,000 after purchasing an additional 661,854 shares during the period. Geode Capital Management LLC raised its stake in ONEOK by 1.0% during the third quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider's stock worth $1,242,449,000 after acquiring an additional 138,430 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in 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 acquiring an additional 232,043 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of ONEOK by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 3,751,172 shares of the utilities provider's stock valued at $341,844,000 after purchasing an additional 11,189 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ONEOK by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider's stock worth $272,377,000 after purchasing an additional 132,326 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OKE has been the subject of several analyst reports. US Capital Advisors raised shares of ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. UBS Group lifted their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Barclays increased their price target on ONEOK from $94.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Royal Bank of Canada raised their target price on ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley upgraded shares of ONEOK from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.00.

ONEOK Trading Down 0.4 %

OKE traded down $0.44 during trading on Friday, reaching $104.03. 1,801,787 shares of the company's stock were exchanged, compared to its average volume of 2,801,106. The company's fifty day moving average price is $103.54 and its 200-day moving average price is $91.77. The firm has a market capitalization of $60.77 billion, a PE ratio of 21.76, a P/E/G ratio of 5.26 and a beta of 1.69. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. 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 (NYSE:OKE - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the firm earned $0.99 earnings per share. As a group, equities analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.81%. ONEOK's dividend 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.