ONEOK, Inc. (NYSE:OKE) Holdings Lifted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 270.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,531 shares of the utilities provider's stock after acquiring an additional 10,609 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in ONEOK were worth $1,324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of ONEOK by 10.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,240 shares of the utilities provider's stock worth $427,000 after acquiring an additional 488 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of ONEOK by 26.3% in the second quarter. Blue Trust Inc. now owns 2,447 shares of the utilities provider's stock valued at $196,000 after purchasing an additional 510 shares in the last quarter. Gradient Investments LLC grew its holdings in ONEOK by 267.2% during the 2nd quarter. Gradient Investments LLC now owns 1,704 shares of the utilities provider's stock worth $139,000 after acquiring an additional 1,240 shares during the period. Dakota Wealth Management grew its holdings in shares of ONEOK by 3.7% in the 2nd quarter. Dakota Wealth Management now owns 12,923 shares of the utilities provider's stock valued at $1,054,000 after buying an additional 457 shares during the period. Finally, Sanibel Captiva Trust Company Inc. grew its holdings in shares of ONEOK by 33.0% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 7,166 shares of the utilities provider's stock valued at $584,000 after buying an additional 1,778 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

Shares of NYSE:OKE traded down $0.44 during midday trading on Friday, reaching $104.03. 1,801,787 shares of the company's stock traded hands, compared to its average volume of 2,801,106. The company has a fifty day simple moving average of $103.54 and a two-hundred day simple moving average of $91.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company has a market cap of $60.77 billion, a P/E ratio of 21.76, a PEG ratio of 5.26 and a beta of 1.69. ONEOK, Inc. has a 1 year low of $67.05 and a 1 year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (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 business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the business posted $0.99 earnings per share. Equities analysts predict that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio (DPR) is presently 82.85%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Barclays increased their price target 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. US Capital Advisors upgraded shares of ONEOK from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 16th. Finally, UBS Group lifted their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.00.

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.