ONEOK, Inc. (NYSE:OKE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,426 shares of the utilities provider’s stock after selling 1,731 shares during the period. Thrivent Financial for Lutherans’ holdings in ONEOK were worth $5,142,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OKE. Claro Advisors LLC raised its holdings in ONEOK by 1.6% during the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock worth $650,000 after purchasing an additional 115 shares during the last quarter. Tower Bridge Advisors raised its stake in shares of ONEOK by 5.0% during the 3rd quarter. Tower Bridge Advisors now owns 81,528 shares of the utilities provider’s stock worth $7,430,000 after buying an additional 3,895 shares during the last quarter. GoalVest Advisory LLC boosted its position in shares of ONEOK by 3.4% in the 3rd quarter. GoalVest Advisory LLC now owns 17,661 shares of the utilities provider’s stock worth $1,609,000 after buying an additional 574 shares in the last quarter. Sage Advisors LLC grew its stake in ONEOK by 13.2% in the 3rd quarter. Sage Advisors LLC now owns 57,017 shares of the utilities provider’s stock valued at $5,196,000 after acquiring an additional 6,654 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in ONEOK by 5.1% during the 3rd quarter. Natixis Advisors LLC now owns 446,661 shares of the utilities provider’s stock valued at $40,704,000 after acquiring an additional 21,704 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Truist Financial increased their target price on ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Citigroup boosted their price target on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. UBS Group increased their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

ONEOK Trading Up 0.3 %

Shares of OKE opened at $117.05 on Friday. The firm has a market capitalization of $68.38 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 5.82 and a beta of 1.66. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock’s fifty day simple moving average is $98.87 and its 200 day simple moving average is $88.93. ONEOK, Inc. has a twelve month low of $65.49 and a twelve month high of $118.07.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, equities research analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, November 1st. ONEOK’s dividend payout ratio is presently 82.85%.

Insider Activity 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 stock was 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 is available through the SEC website. Company 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.