CENTRAL TRUST Co Decreases Holdings in ONEOK, Inc. (NYSE:OKE)

CENTRAL TRUST Co reduced its position in ONEOK, Inc. (NYSE:OKE) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,437 shares of the utilities provider’s stock after selling 837 shares during the period. CENTRAL TRUST Co’s holdings in ONEOK were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OKE. Park Avenue Securities LLC boosted its position in ONEOK by 13.1% in the first quarter. Park Avenue Securities LLC now owns 7,478 shares of the utilities provider’s stock worth $600,000 after purchasing an additional 864 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of ONEOK by 14.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,571 shares of the utilities provider’s stock worth $928,000 after purchasing an additional 1,500 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ONEOK by 0.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 197,720 shares of the utilities provider’s stock worth $15,851,000 after buying an additional 1,669 shares during the last quarter. MCF Advisors LLC grew its position in ONEOK by 22.9% during the first quarter. MCF Advisors LLC now owns 2,284 shares of the utilities provider’s stock valued at $183,000 after buying an additional 425 shares during the period. Finally, SteelPeak Wealth LLC increased its holdings in ONEOK by 140.5% during the first quarter. SteelPeak Wealth LLC now owns 10,783 shares of the utilities provider’s stock valued at $864,000 after buying an additional 6,299 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OKE shares. Citigroup boosted 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. Truist Financial boosted their price target on ONEOK from $81.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Scotiabank boosted their price objective on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. Finally, Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average target price of $94.77.

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

ONEOK Stock Down 0.8 %

Shares of OKE stock opened at $96.66 on Friday. The company’s fifty day simple moving average is $92.67 and its two-hundred day simple moving average is $85.13. ONEOK, Inc. has a 52 week low of $63.33 and a 52 week high of $98.43. The stock has a market cap of $56.42 billion, a P/E ratio of 22.48, a PEG ratio of 4.31 and a beta of 1.67. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last posted its earnings results 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 return on equity of 15.54% and a net margin of 13.41%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the previous year, the business earned $1.04 earnings per share. Analysts predict that ONEOK, Inc. will post 4.98 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK’s dividend payout ratio is presently 92.09%.

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.