ONEOK, Inc. (NYSE:OKE) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,315 shares of the utilities provider’s stock after purchasing an additional 525 shares during the period. Arkadios Wealth Advisors’ holdings in ONEOK were worth $302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Matrix Trust Co acquired a new stake in shares of ONEOK in the third quarter worth $29,000. Quest Partners LLC acquired a new stake in shares of ONEOK in the second quarter worth $28,000. Ridgewood Investments LLC acquired a new stake in shares of ONEOK in the second quarter worth $31,000. Manchester Capital Management LLC increased its position in shares of ONEOK by 66.4% in the first quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of ONEOK in the third quarter worth $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 0.7 %

NYSE OKE opened at $96.88 on Friday. ONEOK, Inc. has a 12 month low of $63.33 and a 12 month high of $98.43. 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 company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 4.17 and a beta of 1.67. The company’s fifty day moving average price is $93.56 and its two-hundred day moving average price is $85.72.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, research analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be given a $0.99 dividend. The ex-dividend date is Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.09%. ONEOK’s payout ratio is currently 86.27%.

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 hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Truist Financial upped their target price on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research note on Wednesday. Scotiabank upped their target price on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Finally, Mizuho upped their target price on shares of ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.00.

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.