Aptus Capital Advisors LLC Boosts Position in ONEOK, Inc. (NYSE:OKE)

Aptus Capital Advisors LLC lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,433 shares of the utilities provider’s stock after acquiring an additional 518 shares during the period. Aptus Capital Advisors LLC’s holdings in ONEOK were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in ONEOK by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,408,137 shares of the utilities provider’s stock valued at $128,324,000 after buying an additional 26,420 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in ONEOK by 2.0% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,346 shares of the utilities provider’s stock valued at $1,581,000 after buying an additional 336 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after buying an additional 5,451 shares during the period. Access Investment Management LLC purchased a new stake in ONEOK in the 3rd quarter valued at about $37,000. Finally, Peregrine Asset Advisers Inc. raised its holdings in ONEOK by 84.3% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 98,730 shares of the utilities provider’s stock valued at $8,997,000 after buying an additional 45,172 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective for the company. Finally, Scotiabank boosted their price objective on ONEOK from $88.00 to $102.00 and gave the stock 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

ONEOK Stock Up 1.8 %

NYSE OKE opened at $109.81 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a 50-day simple moving average of $96.17 and a 200 day simple moving average of $87.38. ONEOK, Inc. has a twelve month low of $64.68 and a twelve month high of $110.05. The stock has a market cap of $64.15 billion, a PE ratio of 22.77, a PEG ratio of 5.40 and a beta of 1.66.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the previous year, the business posted $0.99 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. ONEOK’s payout ratio is presently 82.85%.

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.