ONEOK, Inc. (NYSE:OKE) Shares Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC raised its position in ONEOK, Inc. (NYSE:OKEGet Rating) by 4.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,831 shares of the utilities provider’s stock after buying an additional 1,154 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in ONEOK were worth $1,546,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of OKE. D.A. Davidson & CO. grew its stake in shares of ONEOK by 6.5% during the 1st quarter. D.A. Davidson & CO. now owns 66,898 shares of the utilities provider’s stock worth $4,725,000 after purchasing an additional 4,095 shares during the period. Victory Capital Management Inc. grew its stake in shares of ONEOK by 36.6% during the 1st quarter. Victory Capital Management Inc. now owns 596,851 shares of the utilities provider’s stock worth $37,799,000 after purchasing an additional 160,075 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ONEOK by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,630,364 shares of the utilities provider’s stock worth $256,435,000 after purchasing an additional 102,474 shares during the period. Aviva PLC grew its stake in shares of ONEOK by 101.0% during the 2nd quarter. Aviva PLC now owns 325,043 shares of the utilities provider’s stock worth $18,040,000 after purchasing an additional 163,332 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of ONEOK by 1.0% during the 1st quarter. CIBC Asset Management Inc now owns 43,286 shares of the utilities provider’s stock worth $3,057,000 after purchasing an additional 446 shares during the period. 66.82% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

NYSE:OKE opened at $65.62 on Thursday. ONEOK, Inc. has a 12-month low of $50.50 and a 12-month high of $75.07. The company’s 50-day moving average is $58.22 and its two-hundred day moving average is $60.00. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 1.89. The firm has a market cap of $29.33 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.935 per share. This represents a $3.74 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Monday, October 31st. ONEOK’s dividend payout ratio is currently 103.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OKE. Raymond James lowered their price target on shares of ONEOK from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, October 20th. Mizuho boosted their price objective on shares of ONEOK from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Barclays decreased their price objective on shares of ONEOK from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. StockNews.com began coverage on shares of ONEOK in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley decreased their price objective on shares of ONEOK from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.09.

About ONEOK

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ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

See Also

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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