San Francisco Sentry Investment Group CA Acquires 1,682 Shares of ONEOK, Inc. (OKE)

San Francisco Sentry Investment Group CA lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 23.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,832 shares of the utilities provider’s stock after acquiring an additional 1,682 shares during the period. San Francisco Sentry Investment Group CA’s holdings in ONEOK were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Stephens Inc. AR increased its position in shares of ONEOK by 0.4% during the second quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock worth $805,000 after acquiring an additional 58 shares in the last quarter. New Amsterdam Partners LLC NY increased its position in shares of ONEOK by 0.6% during the second quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 58 shares in the last quarter. Utah Retirement Systems increased its position in shares of ONEOK by 0.3% during the second quarter. Utah Retirement Systems now owns 38,294 shares of the utilities provider’s stock worth $1,997,000 after acquiring an additional 100 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of ONEOK by 0.9% during the second quarter. Nations Financial Group Inc. IA ADV now owns 13,155 shares of the utilities provider’s stock worth $686,000 after acquiring an additional 111 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of ONEOK by 4.0% during the second quarter. Checchi Capital Advisers LLC now owns 4,620 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 177 shares in the last quarter. 70.97% of the stock is owned by institutional investors.

ONEOK, Inc. (NYSE OKE) opened at $52.11 on Friday. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $59.47. The firm has a market cap of $19,980.90, a PE ratio of 32.57, a P/E/G ratio of 3.79 and a beta of 1.26. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same quarter in the previous year, the firm earned $0.43 earnings per share. analysts predict that ONEOK, Inc. will post 1.73 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend was Friday, November 3rd. ONEOK’s payout ratio is 186.25%.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Friday, August 25th. J P Morgan Chase & Co restated a “neutral” rating and set a $58.00 price target on shares of ONEOK in a report on Monday, September 11th. Argus restated a “buy” rating and set a $59.00 price target (up from $55.00) on shares of ONEOK in a report on Thursday, August 24th. Stifel Nicolaus restated a “hold” rating and set a $54.00 price target on shares of ONEOK in a report on Thursday, October 12th. Finally, Mizuho assumed coverage on shares of ONEOK in a report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. ONEOK has a consensus rating of “Hold” and an average target price of $59.07.

In related news, Director Brian L. Derksen bought 1,800 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $51.00 per share, for a total transaction of $91,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

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ONEOK Company Profile

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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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