Buckley Wealth Management LLC Grows Stock Position in ONEOK, Inc. (NYSE:OKE)

Buckley Wealth Management LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,485 shares of the utilities provider’s stock after buying an additional 165 shares during the quarter. Buckley Wealth Management LLC’s holdings in ONEOK were worth $1,320,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in OKE. Rise Advisors LLC purchased a new position in ONEOK in the first quarter worth $25,000. Quest Partners LLC purchased a new position in shares of ONEOK in the 2nd quarter valued at about $28,000. Matrix Trust Co acquired a new stake in shares of ONEOK in the third quarter valued at about $29,000. Ridgewood Investments LLC purchased a new stake in ONEOK during the second quarter worth about $31,000. Finally, Manchester Capital Management LLC grew its position in ONEOK by 66.4% during the first quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after buying an additional 182 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the subject of several research reports. Truist Financial lifted their price objective on ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on shares of ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Barclays lifted their target price 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. Bank of America assumed coverage on shares of ONEOK in a research note on Thursday. They set a “buy” rating and a $105.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.77.

ONEOK Trading Up 0.8 %

Shares of NYSE OKE traded up $0.79 on Friday, reaching $97.23. 2,123,079 shares of the company traded hands, compared to its average volume of 2,669,028. The stock has a market capitalization of $56.79 billion, a PE ratio of 21.18, a P/E/G ratio of 4.82 and a beta of 1.67. ONEOK, Inc. has a fifty-two week low of $63.33 and a fifty-two week high of $98.01. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average of $91.79 and a 200 day moving average of $84.68.

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

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK’s payout ratio is currently 86.27%.

Insider Buying and Selling 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 stock was 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 the SEC website. 0.20% of the stock is owned by company 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.