Quantum Financial Advisors LLC Takes $215,000 Position in ONEOK, Inc. (NYSE:OKE)

Quantum Financial Advisors LLC bought a new position in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,145 shares of the utilities provider’s stock, valued at approximately $215,000.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of ONEOK during the second quarter valued at approximately $28,000. American Century Companies Inc. boosted its holdings in ONEOK by 10.8% in the second quarter. American Century Companies Inc. now owns 742,649 shares of the utilities provider’s stock worth $60,563,000 after acquiring an additional 72,241 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of ONEOK by 7.4% in the second quarter. Oppenheimer & Co. Inc. now owns 46,772 shares of the utilities provider’s stock worth $3,814,000 after acquiring an additional 3,209 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of ONEOK by 7.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 132,969 shares of the utilities provider’s stock worth $10,712,000 after acquiring an additional 8,725 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of ONEOK by 13.7% during the second quarter. Parallel Advisors LLC now owns 10,281 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 1,239 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Scotiabank started coverage on shares of ONEOK in a research report on Friday. They set a “sector outperform” rating and a $109.00 price objective on the stock. Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Barclays upped their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.54.

ONEOK Price Performance

NYSE OKE opened at $103.92 on Tuesday. The stock has a market cap of $60.71 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 5.24 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The company’s 50 day moving average is $105.80 and its two-hundred day moving average is $95.11. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 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 business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, research analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s payout ratio is currently 82.85%.

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.