Seneca House Advisors lowered its holdings in ONEOK, Inc. (NYSE:OKE – Free Report) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,858 shares of the utilities provider’s stock after selling 1,290 shares during the period. ONEOK makes up about 3.0% of Seneca House Advisors’ portfolio, making the stock its 13th largest holding. Seneca House Advisors’ holdings in ONEOK were worth $7,095,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Rise Advisors LLC bought a new position in shares of ONEOK in the first quarter worth about $25,000. LifeSteps Financial Inc. acquired a new position in shares of ONEOK during the first quarter valued at about $26,000. Quest Partners LLC bought a new stake in ONEOK during the 2nd quarter worth approximately $28,000. Ridgewood Investments LLC purchased a new stake in ONEOK in the 2nd quarter valued at $31,000. Finally, American National Bank bought a new position in shares of ONEOK during the first quarter valued at about $32,000. Institutional investors and hedge funds own 69.13% of the company’s stock.
Insiders Place Their Bets
In other news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on ONEOK
ONEOK Stock Up 0.5 %
ONEOK stock traded up $0.52 during midday trading on Friday, hitting $95.23. 1,861,481 shares of the company’s stock were exchanged, compared to its average volume of 2,774,296. ONEOK, Inc. has a 12 month low of $60.79 and a 12 month high of $96.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62. The company has a market cap of $55.58 billion, a PE ratio of 22.15, a P/E/G ratio of 4.46 and a beta of 1.67. The firm has a 50-day moving average of $89.16 and a two-hundred day moving average of $83.52.
ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter last year, the company earned $1.04 earnings per share. As a group, analysts expect that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.
ONEOK Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were issued a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a yield of 4.16%. 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.
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