Strengthening Families & Communities LLC Has $3.46 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Strengthening Families & Communities LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,014 shares of the utilities provider’s stock after purchasing an additional 2,103 shares during the period. ONEOK accounts for approximately 0.9% of Strengthening Families & Communities LLC’s holdings, making the stock its 27th biggest holding. Strengthening Families & Communities LLC’s holdings in ONEOK were worth $3,464,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of ONEOK in the 2nd quarter worth $28,000. Matrix Trust Co acquired a new position in ONEOK in the third quarter valued at about $29,000. Ridgewood Investments LLC bought a new position in ONEOK during the second quarter worth about $31,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the 3rd quarter worth about $37,000. Finally, Values First Advisors Inc. bought a new position in ONEOK during the 3rd quarter worth approximately $44,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of OKE stock opened at $109.81 on Monday. The firm has a market cap of $64.15 billion, a PE ratio of 22.97, a P/E/G ratio of 5.48 and a beta of 1.66. ONEOK, Inc. has a 12 month low of $64.68 and a 12 month high of $110.05. The company’s fifty day simple moving average is $96.54 and its 200-day simple moving average is $87.72. 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 issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period last year, the firm earned $0.99 earnings per share. Equities research analysts expect that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared 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 was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. ONEOK’s dividend payout ratio is 82.85%.

Insiders Place Their Bets

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 value of $310,901.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their target price on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Scotiabank increased their price target on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a report on Friday, August 30th. Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $103.00 to $111.00 in a report on Monday, September 16th. Finally, UBS Group increased their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average target price 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.