3,029 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by New Century Financial Group LLC

New Century Financial Group LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,029 shares of the utilities provider’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. Caxton Associates LP bought a new stake in shares of ONEOK during the 2nd quarter worth about $1,225,000. Point72 Europe London LLP bought a new stake in shares of ONEOK during the second quarter worth approximately $15,008,000. Norden Group LLC grew its position in shares of ONEOK by 4,460.2% in the first quarter. Norden Group LLC now owns 134,388 shares of the utilities provider’s stock valued at $10,773,000 after purchasing an additional 131,441 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of ONEOK by 61.0% during the second quarter. NewEdge Advisors LLC now owns 145,132 shares of the utilities provider’s stock worth $11,836,000 after purchasing an additional 54,978 shares during the period. Finally, Catalyst Financial Partners LLC acquired a new stake in ONEOK during the 2nd quarter worth approximately $328,000. 69.13% of the stock is owned by institutional investors.

Insider Activity

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

ONEOK Price Performance

Shares of OKE stock opened at $97.23 on Monday. The business has a fifty day simple moving average of $91.79 and a 200 day simple moving average of $84.71. The company has a market cap of $56.79 billion, a P/E ratio of 21.18, a P/E/G ratio of 4.82 and a beta of 1.67. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. ONEOK, Inc. has a twelve month low of $63.33 and a twelve month high of $98.01.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations 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 earned $1.04 earnings per share. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.09 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.07%. ONEOK’s dividend payout ratio (DPR) is presently 86.27%.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price objective on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Scotiabank raised 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. 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 report on Monday, September 16th. Mizuho increased their target price 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. Finally, 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. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.77.

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.