ONEOK, Inc. (NYSE:OKE) Stock Position Raised by Disciplined Investments LLC

Disciplined Investments LLC grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 11.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,327 shares of the utilities provider’s stock after acquiring an additional 2,307 shares during the period. Disciplined Investments LLC’s holdings in ONEOK were worth $2,035,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tortoise Capital Advisors L.L.C. boosted its holdings in ONEOK by 3.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,795,313 shares of the utilities provider’s stock worth $554,158,000 after purchasing an additional 232,043 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of ONEOK by 12.3% during the 1st quarter. First Eagle Investment Management LLC now owns 3,465,068 shares of the utilities provider’s stock valued at $277,795,000 after acquiring an additional 378,509 shares during the last quarter. Energy Income Partners LLC raised its stake in shares of ONEOK by 10.3% in the 1st quarter. Energy Income Partners LLC now owns 3,434,728 shares of the utilities provider’s stock valued at $275,362,000 after acquiring an additional 319,487 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ONEOK by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider’s stock valued at $272,377,000 after acquiring an additional 132,326 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after purchasing an additional 3,197,121 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OKE shares. Citigroup lifted their price target on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Mizuho lifted their target price on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Finally, Tudor Pickering raised ONEOK to a “hold” rating in a report on Thursday, July 18th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $96.92.

ONEOK Stock Up 2.9 %

Shares of OKE stock opened at $107.16 on Friday. ONEOK, Inc. has a one year low of $63.77 and a one year high of $107.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a fifty day moving average price of $94.86 and a 200 day moving average price of $86.63. The stock has a market cap of $62.60 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 5.10 and a beta of 1.66.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the previous year, the business posted $0.99 earnings per share. Analysts predict that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.70%. ONEOK’s dividend payout ratio is currently 82.85%.

ONEOK Profile

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.