CHICAGO TRUST Co NA Increases Position in ONEOK, Inc. (NYSE:OKE)

CHICAGO TRUST Co NA boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,711 shares of the utilities provider’s stock after purchasing an additional 297 shares during the quarter. CHICAGO TRUST Co NA’s holdings in ONEOK were worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OKE. HM Payson & Co. grew its stake in ONEOK by 6.3% in the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 105 shares during the period. Claro Advisors LLC boosted its holdings in ONEOK by 1.6% in the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock worth $650,000 after buying an additional 115 shares during the last quarter. Haverford Trust Co raised its holdings in shares of ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 117 shares during the last quarter. Brighton Jones LLC lifted its position in shares of ONEOK by 1.1% in the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock valued at $935,000 after acquiring an additional 122 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of ONEOK by 1.4% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock worth $839,000 after acquiring an additional 125 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 1.8 %

NYSE OKE traded up $1.84 on Monday, reaching $103.59. The stock had a trading volume of 1,235,295 shares, compared to its average volume of 2,416,567. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average price of $105.63 and a two-hundred day moving average price of $94.95. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The firm has a market capitalization of $60.52 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 5.24 and a beta of 1.70.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OKE shares. UBS Group raised their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Scotiabank started coverage on shares of ONEOK in a research note on Friday. They set a “sector outperform” rating and a $109.00 price objective for the company. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Finally, Barclays upped their price target on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

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.