ONEOK, Inc. (NYSE:OKE) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc raised its holdings in ONEOK, Inc. (NYSE:OKE) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,757 shares of the utilities provider’s stock after purchasing an additional 2,784 shares during the quarter. AdvisorNet Financial Inc’s holdings in ONEOK were worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kieckhefer Group LLC purchased a new stake in shares of ONEOK in the fourth quarter valued at approximately $30,000. Matrix Trust Co purchased a new stake in shares of ONEOK during the 3rd quarter worth $29,000. Quest Partners LLC acquired a new position in shares of ONEOK during the 2nd quarter worth $28,000. Access Investment Management LLC purchased a new position in shares of ONEOK in the 3rd quarter valued at about $37,000. Finally, Values First Advisors Inc. purchased a new stake in ONEOK during the third quarter worth about $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 2.1 %

Shares of OKE opened at $103.92 on Tuesday. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The company has a market capitalization of $60.71 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The stock has a fifty day moving average of $105.80 and a two-hundred day moving average of $95.11. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 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 business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given 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 3.81%. ONEOK’s dividend payout ratio is presently 82.85%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OKE. Royal Bank of Canada lifted their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.54.

About ONEOK

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.