BB&T Securities LLC decreased its position in ONEOK, Inc. (NYSE:OKE) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,053 shares of the utilities provider’s stock after selling 9,218 shares during the quarter. BB&T Securities LLC’s holdings in ONEOK were worth $1,942,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Ropes Wealth Advisors LLC purchased a new position in shares of ONEOK during the 2nd quarter valued at approximately $103,000. Smithfield Trust Co. boosted its stake in shares of ONEOK by 107.7% during the 2nd quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,034 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. boosted its stake in shares of ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,379 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in shares of ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,744 shares during the last quarter. 71.02% of the stock is owned by institutional investors.
Several research firms have recently commented on OKE. BMO Capital Markets set a $62.00 target price on ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. Stifel Nicolaus restated a “hold” rating and set a $54.00 price objective on shares of ONEOK in a research note on Thursday, October 12th. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, October 17th. J P Morgan Chase & Co restated a “neutral” rating and set a $58.00 price objective on shares of ONEOK in a research note on Monday, September 11th. Finally, Mizuho began coverage on ONEOK in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. ONEOK presently has an average rating of “Hold” and an average target price of $59.07.
Shares of ONEOK, Inc. (NYSE OKE) traded up $0.05 on Wednesday, hitting $52.34. The stock had a trading volume of 2,302,700 shares, compared to its average volume of 3,238,394. The firm has a market capitalization of $19,830.00, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 3.35 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. ONEOK, Inc. has a 52 week low of $47.14 and a 52 week high of $59.47.
ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same period last year, the business posted $0.43 earnings per share. research analysts expect that ONEOK, Inc. will post 1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Friday, November 3rd. ONEOK’s payout ratio is currently 186.25%.
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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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