JBR Co Financial Management Inc Has $2.34 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

JBR Co Financial Management Inc decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 20.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,624 shares of the utilities provider’s stock after selling 6,519 shares during the quarter. ONEOK makes up approximately 1.5% of JBR Co Financial Management Inc’s holdings, making the stock its 18th largest holding. JBR Co Financial Management Inc’s holdings in ONEOK were worth $2,335,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. CHICAGO TRUST Co NA raised its position in shares of ONEOK by 97.3% during the 3rd quarter. CHICAGO TRUST Co NA now owns 14,414 shares of the utilities provider’s stock valued at $1,314,000 after acquiring an additional 7,107 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of ONEOK during the 3rd quarter valued at $206,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of ONEOK by 219.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,315 shares of the utilities provider’s stock valued at $393,000 after acquiring an additional 2,965 shares during the last quarter. Castle Rock Wealth Management LLC raised its position in shares of ONEOK by 18.7% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 8,078 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Merrion Investment Management Co LLC raised its position in shares of ONEOK by 33.3% during the 3rd quarter. Merrion Investment Management Co LLC now owns 4,000 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of ONEOK from $81.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Scotiabank upped their price objective on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research report on Friday, August 30th. Citigroup upped their price objective 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. Royal Bank of Canada upped their price objective on shares of ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus price target of $92.38.

ONEOK Stock Up 2.0 %

Shares of ONEOK stock traded up $1.92 during trading hours on Friday, reaching $96.61. 4,026,403 shares of the company’s stock were exchanged, compared to its average volume of 2,759,627. The company has a 50 day moving average of $90.44 and a two-hundred day moving average of $84.11. ONEOK, Inc. has a fifty-two week low of $63.33 and a fifty-two week high of $96.64. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The stock has a market cap of $56.43 billion, a P/E ratio of 21.05, a P/E/G ratio of 4.68 and a beta of 1.67.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the business posted $1.04 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.09 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.10%. ONEOK’s dividend payout ratio (DPR) is currently 86.27%.

Insider Activity at ONEOK

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

ONEOK 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.