ONEOK, Inc. (NYSE:OKE) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 3,374.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,491 shares of the utilities provider’s stock after purchasing an additional 218,029 shares during the quarter. Benjamin Edwards Inc.’s holdings in ONEOK were worth $20,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in shares of ONEOK during the second quarter worth approximately $28,000. Matrix Trust Co acquired a new position in ONEOK during the 3rd quarter worth approximately $29,000. Ridgewood Investments LLC purchased a new stake in shares of ONEOK in the 2nd quarter valued at approximately $31,000. Access Investment Management LLC acquired a new stake in shares of ONEOK in the 3rd quarter valued at $37,000. Finally, Values First Advisors Inc. purchased a new stake in shares of ONEOK during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $113.60 on Monday. The firm has a market cap of $66.36 billion, a P/E ratio of 23.77, a P/E/G ratio of 5.75 and a beta of 1.66. ONEOK, Inc. has a 52-week low of $65.49 and a 52-week high of $118.07. The business’s 50-day moving average price is $100.75 and its 200 day moving average price is $90.13. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last announced its earnings results 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). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities research analysts expect that ONEOK, Inc. will post 5.08 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a dividend of $0.99 per share. The ex-dividend date was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. ONEOK’s payout ratio is currently 82.85%.

Insider Transactions at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of analyst reports. UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their target price on ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Scotiabank increased their price target 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. Barclays boosted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Citigroup increased their target price 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. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.38.

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.