ONEOK, Inc. (NYSE:OKE) Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its holdings in ONEOK, Inc. (NYSE:OKE) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,541 shares of the utilities provider’s stock after selling 2,964 shares during the period. Profund Advisors LLC’s holdings in ONEOK were worth $1,762,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new stake in shares of ONEOK in the fourth quarter worth $29,000. WealthPLAN Partners LLC acquired a new stake in ONEOK during the 1st quarter valued at $29,000. Grove Bank & Trust grew its holdings in ONEOK by 211.2% during the 1st quarter. Grove Bank & Trust now owns 473 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 321 shares in the last quarter. Worth Asset Management LLC acquired a new stake in ONEOK during the 1st quarter valued at $30,000. Finally, Quarry LP acquired a new stake in ONEOK during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

ONEOK Trading Up 0.4 %

ONEOK stock opened at $66.89 on Tuesday. The firm’s 50-day moving average is $66.01 and its 200-day moving average is $63.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.66 and a current ratio of 0.97. ONEOK, Inc. has a 1 year low of $55.91 and a 1 year high of $71.57. The company has a market cap of $38.97 billion, a P/E ratio of 12.27, a PEG ratio of 1.72 and a beta of 1.71.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.03). ONEOK had a return on equity of 26.44% and a net margin of 14.05%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. On average, equities analysts expect that ONEOK, Inc. will post 5.5 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st were given a $0.955 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $3.82 dividend on an annualized basis and a dividend yield of 5.71%. ONEOK’s payout ratio is currently 70.09%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of recent analyst reports. Raymond James raised their price target on shares of ONEOK from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Royal Bank of Canada raised their price target on shares of ONEOK from $69.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, November 16th. Truist Financial lowered shares of ONEOK from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a report on Thursday, November 2nd. Pickering Energy Partners started coverage on shares of ONEOK in a report on Tuesday, October 3rd. They set an “underperform” rating for the company. Finally, Mizuho increased their price objective on shares of ONEOK from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.00.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.