Private Trust Co. NA Has $705,000 Position in ONEOK, Inc. (NYSE:OKE)

Private Trust Co. NA decreased its position in ONEOK, Inc. (NYSE:OKE) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,731 shares of the utilities provider’s stock after selling 303 shares during the period. Private Trust Co. NA’s holdings in ONEOK were worth $705,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Matrix Trust Co acquired a new stake in shares of ONEOK during the third quarter worth about $29,000. Quest Partners LLC acquired a new position in shares of ONEOK in the second quarter valued at approximately $28,000. Ridgewood Investments LLC bought a new stake in shares of ONEOK during the second quarter worth $31,000. Access Investment Management LLC acquired a new stake in shares of ONEOK during the third quarter worth $37,000. Finally, Values First Advisors Inc. acquired a new position in ONEOK in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company lifted their price target on ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Barclays upped their price target on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Mizuho raised shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Truist Financial raised their target price on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, Citigroup raised their price objective on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and an average price target of $100.38.

ONEOK Stock Up 1.7 %

OKE stock opened at $113.45 on Wednesday. ONEOK, Inc. has a fifty-two week low of $65.49 and a fifty-two week high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market capitalization of $66.28 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 5.56 and a beta of 1.66. The business’s fifty day moving average price is $99.60 and its two-hundred day moving average price is $89.46.

ONEOK (NYSE:OKE) last issued 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). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm earned $0.99 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a dividend of $0.99 per share. 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 3.49%. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

About ONEOK

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.