Vanguard Personalized Indexing Management LLC Has $3.57 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Vanguard Personalized Indexing Management LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,819 shares of the utilities provider’s stock after purchasing an additional 6,192 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ONEOK were worth $3,566,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in ONEOK in the 1st quarter valued at approximately $25,000. LifeSteps Financial Inc. bought a new stake in shares of ONEOK in the first quarter worth $26,000. Quest Partners LLC bought a new stake in shares of ONEOK in the second quarter worth $28,000. Ridgewood Investments LLC bought a new position in ONEOK in the second quarter valued at $31,000. Finally, American National Bank bought a new position in ONEOK in the first quarter valued at $32,000. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on OKE. Scotiabank increased their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 30th. Tudor Pickering upgraded ONEOK to a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company upped their price objective on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $103.00 to $111.00 in a research note on Monday. Finally, Mizuho upped their price target on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.38.

ONEOK Price Performance

Shares of NYSE OKE opened at $93.77 on Friday. The firm has a market cap of $54.77 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 4.49 and a beta of 1.67. The business’s 50 day moving average is $87.05 and its 200-day moving average is $82.30. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. ONEOK, Inc. has a 1-year low of $60.58 and a 1-year high of $95.28.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same quarter last year, the business earned $1.04 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.22%. ONEOK’s payout ratio is presently 92.09%.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

ONEOK Company 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.