Stifel Financial Corp Has $73.26 Million Stake in ONEOK, Inc. (NYSE:OKE)

Stifel Financial Corp increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 803,878 shares of the utilities provider's stock after purchasing an additional 41,956 shares during the period. Stifel Financial Corp owned 0.14% of ONEOK worth $73,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. grew its position in ONEOK by 6.3% in the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock worth $161,000 after buying an additional 105 shares during the last quarter. Claro Advisors LLC grew its position in ONEOK by 1.6% in the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider's stock worth $650,000 after buying an additional 115 shares during the last quarter. Haverford Trust Co grew its position in ONEOK by 1.2% in the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock worth $917,000 after buying an additional 117 shares during the last quarter. QRG Capital Management Inc. grew its position in ONEOK by 2.2% in the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock worth $454,000 after buying an additional 119 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in ONEOK by 0.9% in the second quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock worth $1,111,000 after buying an additional 122 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank of Canada lifted their price target on shares of ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Truist Financial lifted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research report on Tuesday. Citigroup lifted their price objective on shares of ONEOK from $85.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. US Capital Advisors upgraded shares of ONEOK from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Finally, Mizuho upgraded shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and an average price target of $101.00.

ONEOK Stock Down 1.0 %

Shares of ONEOK stock traded down $1.12 on Friday, hitting $109.00. 2,160,043 shares of the company traded hands, compared to its average volume of 3,390,932. The company has a 50-day moving average price of $102.43 and a 200 day moving average price of $91.02. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12-month low of $65.49 and a 12-month high of $118.07. The company has a market cap of $63.68 billion, a PE ratio of 22.80, a PEG ratio of 5.48 and a beta of 1.69.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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 net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the firm posted $0.99 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, November 1st. 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.