WP Advisors LLC Has $3.64 Million Holdings in ONEOK, Inc. (NYSE:OKE)

WP Advisors LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 57.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,920 shares of the utilities provider's stock after selling 53,965 shares during the period. ONEOK accounts for approximately 1.3% of WP Advisors LLC's portfolio, making the stock its 19th biggest holding. WP Advisors LLC's holdings in ONEOK were worth $3,638,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. HM Payson & Co. grew its position in ONEOK by 6.3% during the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock valued at $161,000 after acquiring an additional 105 shares during the period. Claro Advisors LLC raised its stake in shares of ONEOK by 1.6% during the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider's stock valued at $650,000 after purchasing an additional 115 shares during the period. Haverford Trust Co lifted its holdings in ONEOK by 1.2% in the 3rd quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock worth $917,000 after buying an additional 117 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of ONEOK by 2.2% in the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock valued at $454,000 after purchasing an additional 119 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake 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 purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. UBS Group raised their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup increased their price objective on shares of ONEOK from $85.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Mizuho upgraded shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Finally, Scotiabank boosted their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Insiders Place Their Bets

In related news, Director Pattye L. Moore sold 3,379 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company's stock.

ONEOK Stock Performance

NYSE OKE traded up $2.98 during midday trading on Monday, hitting $112.79. The company had a trading volume of 1,775,100 shares, compared to its average volume of 2,761,884. ONEOK, Inc. has a fifty-two week low of $65.49 and a fifty-two week high of $112.90. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a fifty day simple moving average of $96.54 and a two-hundred day simple moving average of $87.72. The stock has a market cap of $65.89 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 5.48 and a beta of 1.66.

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 for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the prior year, the company posted $0.99 earnings per share. Equities analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio is currently 82.85%.

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.