XTX Topco Ltd Acquires Shares of 11,957 ONEOK, Inc. (NYSE:OKE)

XTX Topco Ltd bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,957 shares of the utilities provider's stock, valued at approximately $1,090,000.

Several other hedge funds also recently bought and sold shares of OKE. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $1,593,023,000 after acquiring an additional 661,854 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of ONEOK by 3.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,795,313 shares of the utilities provider's stock valued at $554,158,000 after buying an additional 232,043 shares in the last quarter. Janus Henderson Group PLC raised its holdings 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 buying an additional 11,189 shares during the period. Dimensional Fund Advisors LP lifted its stake in ONEOK by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider's stock worth $272,377,000 after acquiring an additional 132,326 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in ONEOK by 9,439.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock valued at $294,440,000 after acquiring an additional 3,197,121 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 0.7 %

OKE traded down $0.78 on Tuesday, reaching $104.34. The company's stock had a trading volume of 2,618,328 shares, compared to its average volume of 2,809,110. The stock has a 50 day moving average of $102.71 and a two-hundred day moving average of $91.26. 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 company has a market capitalization of $60.95 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 5.49 and a beta of 1.69. ONEOK, Inc. has a fifty-two week low of $65.49 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the company earned $0.99 earnings per share. As a group, analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio is currently 82.85%.

Analysts Set New Price Targets

OKE has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. UBS Group boosted their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Scotiabank upped their price objective on ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 30th. Finally, US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.