Influence Partnership Wealth LLC acquired a brand new stake in shares of ONEOK, Inc. (NYSE:OKE – Free Report) within the third quarter, HoldingsChannel.com stories. The agency acquired 3,580 shares of the utilities supplier’s inventory, valued at roughly $326,000.
Different hedge funds and different institutional buyers have additionally just lately made modifications to their positions within the firm. Caxton Associates LP bought a brand new place in ONEOK within the 2nd quarter value $1,225,000. Point72 Europe London LLP bought a brand new place in ONEOK within the 2nd quarter value $15,008,000. Norden Group LLC raised its stake in ONEOK by 4,460.2% within the 1st quarter. Norden Group LLC now owns 134,388 shares of the utilities supplier’s inventory value $10,773,000 after buying an extra 131,441 shares over the past quarter. NewEdge Advisors LLC raised its stake in ONEOK by 61.0% within the 2nd quarter. NewEdge Advisors LLC now owns 145,132 shares of the utilities supplier’s inventory value $11,836,000 after buying an extra 54,978 shares over the past quarter. Lastly, Catalyst Monetary Companions LLC bought a brand new place in ONEOK within the 2nd quarter value $328,000. Hedge funds and different institutional buyers personal 69.13% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
Quite a few equities analysts just lately issued stories on OKE shares. Truist Monetary raised their goal worth on ONEOK from $81.00 to $83.00 and gave the inventory a “maintain” ranking in a analysis be aware on Wednesday, July thirty first. Tudor Pickering raised ONEOK to a “maintain” ranking in a analysis report on Thursday, July 18th. Royal Financial institution of Canada elevated their worth goal on ONEOK from $89.00 to $98.00 and gave the inventory a “sector carry out” ranking in a analysis report on Wednesday, October sixteenth. Scotiabank elevated their worth goal on ONEOK from $88.00 to $102.00 and gave the inventory a “sector outperform” ranking in a analysis report on Friday, August thirtieth. Lastly, Mizuho elevated their worth goal on ONEOK from $81.00 to $85.00 and gave the inventory a “impartial” ranking in a analysis report on Friday, July twenty sixth. Eight analysis analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate’s inventory. In line with information from MarketBeat.com, ONEOK has a mean ranking of “Average Purchase” and a consensus worth goal of $94.77.
View Our Newest Inventory Report on OKE
Insider Exercise at ONEOK
In associated information, Director Pattye L. Moore offered 3,379 shares of the agency’s inventory in a transaction dated Thursday, September fifth. The shares have been offered at a mean worth of $92.01, for a complete worth of $310,901.79. The sale was disclosed in a doc filed with the SEC, which is offered via this hyperlink. 0.20% of the inventory is at the moment owned by company insiders.
ONEOK Value Efficiency
NYSE:OKE opened at $97.45 on Friday. ONEOK, Inc. has a 52 week low of $63.33 and a 52 week excessive of $98.43. The corporate has a fast ratio of 0.41, a present ratio of 0.62 and a debt-to-equity ratio of 1.22. The inventory has a market capitalization of $56.92 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 4.31 and a beta of 1.67. The inventory’s 50-day shifting common worth is $92.46 and its 200-day shifting common worth is $85.04.
ONEOK (NYSE:OKE – Get Free Report) final issued its quarterly earnings outcomes on Monday, August fifth. The utilities supplier reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The agency had income of $4.89 billion for the quarter, in comparison with analyst estimates of $5.52 billion. ONEOK had a web margin of 13.41% and a return on fairness of 15.54%. Throughout the identical interval final 12 months, the corporate posted $1.04 EPS. As a gaggle, equities analysts count on that ONEOK, Inc. will put up 4.98 EPS for the present fiscal 12 months.
ONEOK Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which can be paid on Thursday, November 14th. Traders of document on Friday, November 1st can be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized foundation and a yield of 4.06%. The ex-dividend date is Friday, November 1st. ONEOK’s dividend payout ratio is presently 86.27%.
ONEOK Firm Profile
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and advertising and marketing of pure gasoline and pure gasoline liquids (NGL) in the USA. It operates via 4 segments: Pure Gasoline Gathering and Processing, Pure Gasoline Liquids, Pure Gasoline Pipelines, and Refined Merchandise and Crude.
See Additionally
Wish to see what different hedge funds are holding OKE? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for ONEOK, Inc. (NYSE:OKE – Free Report).
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