Sheaff Brock Investment Advisors LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,443 shares of the utilities provider’s stock after acquiring an additional 16,182 shares during the period. ONEOK makes up approximately 0.9% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 24th largest position. Sheaff Brock Investment Advisors LLC’s holdings in ONEOK were worth $6,674,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OKE. ING Groep NV acquired a new stake in ONEOK in the 2nd quarter valued at about $404,000. Strs Ohio raised its holdings in ONEOK by 20.8% in the 2nd quarter. Strs Ohio now owns 13,864 shares of the utilities provider’s stock valued at $723,000 after acquiring an additional 2,390 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in ONEOK by 69.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,900 shares of the utilities provider’s stock valued at $726,000 after acquiring an additional 5,680 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in ONEOK by 26.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 49,857 shares of the utilities provider’s stock valued at $2,601,000 after acquiring an additional 10,550 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in ONEOK by 76.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 314,949 shares of the utilities provider’s stock valued at $16,363,000 after acquiring an additional 136,358 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Shares of ONEOK, Inc. (NYSE:OKE) traded up $0.21 during midday trading on Monday, hitting $52.11. 3,260,200 shares of the stock were exchanged, compared to its average volume of 3,241,012. The firm has a market cap of $19,980.89, a P/E ratio of 32.57, a P/E/G ratio of 3.34 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. ONEOK, Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $59.47.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period in the previous year, the business posted $0.43 EPS. equities research analysts forecast that ONEOK, Inc. will post 1.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.72%. ONEOK’s payout ratio is currently 186.25%.

A number of analysts have commented on OKE shares. UBS increased their price objective on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. BMO Capital Markets set a $62.00 price objective on shares of ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Argus reiterated a “buy” rating and issued a $59.00 price objective (up previously from $55.00) on shares of ONEOK in a report on Thursday, August 24th. Barclays started coverage on shares of ONEOK in a report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 price objective for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 price objective on shares of ONEOK in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.07.

In related news, Director Brian L. Derksen acquired 1,800 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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ONEOK Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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