ONEOK, Inc. (OKE) Shares Bought by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 35.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,146 shares of the utilities provider’s stock after acquiring an additional 3,446 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in ONEOK were worth $729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Delta Asset Management LLC TN purchased a new stake in shares of ONEOK during the second quarter valued at approximately $103,000. Ropes Wealth Advisors LLC purchased a new stake in shares of ONEOK during the second quarter valued at approximately $103,000. Smithfield Trust Co. increased its position in shares of ONEOK by 107.7% during the second quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,034 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Highlander Capital Management LLC purchased a new stake in shares of ONEOK during the second quarter valued at approximately $154,000. 51.78% of the stock is owned by institutional investors.

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A number of brokerages recently commented on OKE. BMO Capital Markets set a $62.00 price target on ONEOK and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research report on Tuesday, October 17th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 target price on shares of ONEOK in a research report on Thursday, October 12th. Mizuho assumed coverage on ONEOK in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $58.00 target price on shares of ONEOK in a research report on Monday, September 11th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. ONEOK currently has an average rating of “Buy” and an average price target of $58.86.

ONEOK, Inc. (NYSE OKE) traded up 0.17% during trading on Monday, hitting $54.17. The stock had a trading volume of 234,836 shares. ONEOK, Inc. has a 52-week low of $45.41 and a 52-week high of $59.47. The company has a market cap of $20.59 billion, a price-to-earnings ratio of 33.94 and a beta of 1.30. The company has a 50-day moving average price of $55.78 and a 200-day moving average price of $53.17.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.12). The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. ONEOK had a return on equity of 8.62% and a net margin of 3.26%. During the same quarter last year, the company earned $0.40 earnings per share. Equities research analysts forecast that ONEOK, Inc. will post $1.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 5.51%. ONEOK’s dividend payout ratio (DPR) is 186.25%.

About ONEOK

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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