ONEOK, Inc. (OKE) Position Raised by Stifel Financial Corp

Stifel Financial Corp boosted its position in ONEOK, Inc. (NYSE:OKE) by 262.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443,373 shares of the utilities provider’s stock after purchasing an additional 321,102 shares during the period. Stifel Financial Corp owned about 0.12% of ONEOK worth $24,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in OKE. Vanguard Group Inc. increased its holdings in ONEOK by 17.3% in the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock valued at $1,418,645,000 after buying an additional 4,002,795 shares in the last quarter. BlackRock Inc. increased its holdings in ONEOK by 28.4% in the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock valued at $1,252,605,000 after buying an additional 5,317,251 shares in the last quarter. State Street Corp increased its holdings in ONEOK by 53.7% in the second quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock valued at $908,434,000 after buying an additional 6,086,061 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in ONEOK by 184.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 9,476,645 shares of the utilities provider’s stock valued at $525,098,000 after buying an additional 6,148,494 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in ONEOK by 6.1% in the second quarter. Neuberger Berman Group LLC now owns 9,098,662 shares of the utilities provider’s stock valued at $474,586,000 after buying an additional 526,450 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

A number of brokerages have issued reports on OKE. BidaskClub cut shares of ONEOK from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Argus reaffirmed a “buy” rating and issued a $59.00 target price (up from $55.00) on shares of ONEOK in a report on Thursday, August 24th. BMO Capital Markets set a $62.00 target price on shares of ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 target price on shares of ONEOK in a report on Friday, November 3rd. Finally, UBS increased their target price on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.07.

Shares of ONEOK, Inc. (OKE) traded up $0.18 on Tuesday, hitting $52.29. 3,566,600 shares of the stock were exchanged, compared to its average volume of 3,242,410. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55. ONEOK, Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $59.47. The stock has a market cap of $19,980.89, a PE ratio of 32.57, a price-to-earnings-growth ratio of 3.34 and a beta of 1.26.

ONEOK (NYSE:OKE) last issued its quarterly earnings data 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). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the business earned $0.43 earnings per share. equities analysts expect that ONEOK, Inc. will post 1.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.70%. ONEOK’s dividend payout ratio (DPR) is 186.25%.

In other ONEOK news, Director Brian L. Derksen acquired 1,800 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

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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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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