13,043 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in ONEOK, Inc. (NYSE:OKE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,043 shares of the utilities provider's stock, valued at approximately $1,189,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. National Pension Service raised its stake in shares of ONEOK by 1.6% in the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock valued at $69,608,000 after purchasing an additional 12,349 shares in the last quarter. Leavell Investment Management Inc. raised its stake in ONEOK by 3.8% during the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after buying an additional 5,175 shares in the last quarter. Caxton Associates LP bought a new position in ONEOK during the 2nd quarter worth approximately $1,225,000. Point72 Europe London LLP acquired a new position in shares of ONEOK in the 2nd quarter worth approximately $15,008,000. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock valued at $4,972,000 after acquiring an additional 5,451 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

OKE stock traded up $0.14 during trading on Thursday, hitting $104.47. The company had a trading volume of 2,015,083 shares, compared to its average volume of 2,805,270. The business has a 50 day moving average of $103.17 and a 200 day moving average of $91.52. The firm has a market capitalization of $61.03 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 5.49 and a beta of 1.69. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. 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 posted 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 company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the business earned $0.99 earnings per share. As a group, research analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.79%. ONEOK's dividend payout ratio (DPR) is 82.85%.

Wall Street Analyst Weigh In

OKE has been the topic of several research analyst reports. US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Bank of America initiated coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a "buy" rating and a $105.00 price target for the company. UBS Group increased their price objective 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 lifted their target price on ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research note on Friday, August 30th. Finally, Truist Financial increased their price target on ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and an average target price of $101.00.

ONEOK Company 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.