Assetmark Inc. Has $115,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Assetmark Inc. trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,261 shares of the utilities provider’s stock after selling 137 shares during the quarter. Assetmark Inc.’s holdings in ONEOK were worth $115,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SpiderRock Advisors LLC grew its holdings in shares of ONEOK by 1.8% during the third quarter. SpiderRock Advisors LLC now owns 8,093 shares of the utilities provider’s stock valued at $738,000 after buying an additional 147 shares during the last quarter. Equitable Trust Co. acquired a new position in shares of ONEOK during the third quarter valued at about $458,000. Leavell Investment Management Inc. grew its holdings in shares of ONEOK by 3.8% during the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after buying an additional 5,175 shares during the last quarter. Heronetta Management L.P. grew its holdings in shares of ONEOK by 0.8% during the third quarter. Heronetta Management L.P. now owns 158,252 shares of the utilities provider’s stock valued at $14,422,000 after buying an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of ONEOK by 3.5% during the third quarter. Principal Financial Group Inc. now owns 710,314 shares of the utilities provider’s stock valued at $64,731,000 after buying an additional 24,193 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Truist Financial raised their price target on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Citigroup raised 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. Wells Fargo & Company raised their price target on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Scotiabank raised their price target on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.38.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $109.81 on Monday. The firm has a market cap of $64.15 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 5.48 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 $110.05. The firm’s 50-day simple moving average is $96.54 and its two-hundred day simple moving average is $87.72.

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 the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the firm earned $0.99 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

ONEOK Company 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.