ONEOK, Inc. (NYSE:OKE) Stock Holdings Lifted by Atria Investments Inc

Atria Investments Inc boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 76.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,561 shares of the utilities provider’s stock after acquiring an additional 10,240 shares during the quarter. Atria Investments Inc’s holdings in ONEOK were worth $2,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of ONEOK during the 2nd quarter worth $28,000. Matrix Trust Co acquired a new stake in ONEOK during the 3rd quarter valued at $29,000. Ridgewood Investments LLC acquired a new position in ONEOK during the 2nd quarter worth about $31,000. Values First Advisors Inc. acquired a new stake in shares of ONEOK in the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC boosted its holdings in ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Truist Financial increased their price objective on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Bank of America initiated coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Citigroup boosted their target price on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and a consensus price target of $96.92.

ONEOK Stock Performance

OKE opened at $107.88 on Friday. The business’s fifty day moving average is $95.84 and its 200-day moving average is $87.24. The firm has a market cap of $63.02 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 5.38 and a beta of 1.66. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 52-week low of $64.68 and a 52-week high of $109.21.

ONEOK (NYSE:OKE) last released its 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). The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the firm earned $0.99 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.67%. ONEOK’s dividend payout ratio is presently 82.85%.

Insider Buying and Selling

In other news, Director Pattye L. Moore sold 3,379 shares of ONEOK 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

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.