ONEOK, Inc. (NYSE:OKE) Shares Bought by Aviso Wealth Management

Aviso Wealth Management grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,813 shares of the utilities provider’s stock after buying an additional 134 shares during the quarter. Aviso Wealth Management’s holdings in ONEOK were worth $637,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in OKE. Rise Advisors LLC purchased a new stake in shares of ONEOK during the 1st quarter valued at $25,000. LifeSteps Financial Inc. purchased a new stake in shares of ONEOK during the 1st quarter valued at $26,000. Quest Partners LLC purchased a new stake in shares of ONEOK during the 2nd quarter valued at $28,000. Ridgewood Investments LLC purchased a new stake in shares of ONEOK during the 2nd quarter valued at $31,000. Finally, American National Bank purchased a new stake in shares of ONEOK during the 1st quarter valued at $32,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OKE. Wells Fargo & Company upped their price target on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Royal Bank of Canada upped their price target on shares of ONEOK from $84.00 to $89.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 22nd. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Citigroup upped their price target on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.38.

ONEOK Stock Performance

NYSE:OKE opened at $90.24 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. The firm has a 50-day moving average of $88.09 and a two-hundred day moving average of $83.00. The stock has a market cap of $52.71 billion, a P/E ratio of 20.99, a PEG ratio of 4.71 and a beta of 1.67. ONEOK, Inc. has a 1-year low of $60.58 and a 1-year high of $96.05.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter in the prior year, the business posted $1.04 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were paid a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.39%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

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.