Hoxton Planning & Management LLC Buys 609 Shares of ONEOK, Inc. (NYSE:OKE)

Hoxton Planning & Management LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,527 shares of the utilities provider’s stock after acquiring an additional 609 shares during the period. Hoxton Planning & Management LLC’s holdings in ONEOK were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OKE. Wellington Management Group LLP increased its holdings in shares of ONEOK by 2,643.5% in the 4th quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock worth $82,209,000 after buying an additional 1,128,066 shares during the last quarter. M&G Plc bought a new position in ONEOK during the 1st quarter valued at about $77,634,000. Kayne Anderson Capital Advisors LP grew its holdings in ONEOK by 28.7% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider’s stock valued at $297,059,000 after purchasing an additional 825,464 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in ONEOK by 3,648.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider’s stock valued at $41,995,000 after buying an additional 501,216 shares during the period. Finally, Cetera Investment Advisers boosted its position in ONEOK by 370.1% in the 1st quarter. Cetera Investment Advisers now owns 615,276 shares of the utilities provider’s stock valued at $49,327,000 after buying an additional 484,403 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Insider Transactions at ONEOK

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of ONEOK from $82.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Scotiabank upped their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Tudor Pickering raised shares of ONEOK to a “hold” rating in a research report on Thursday, July 18th. 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, 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. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.38.

ONEOK Stock Down 1.3 %

NYSE:OKE opened at $93.57 on Wednesday. The company’s fifty day moving average price is $89.41 and its 200-day moving average price is $83.69. ONEOK, Inc. has a 1-year low of $63.33 and a 1-year high of $96.05. The firm has a market capitalization of $54.61 billion, a P/E ratio of 21.76, a PEG ratio of 4.62 and a beta of 1.67. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same period last year, the firm posted $1.04 earnings per share. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 4.23%. The ex-dividend date was Thursday, August 1st. ONEOK’s payout ratio is 92.09%.

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.