Strengthening Families & Communities LLC Has $3.46 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Strengthening Families & Communities LLC raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,014 shares of the utilities provider’s stock after purchasing an additional 2,103 shares during the period. ONEOK makes up approximately 0.9% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 27th biggest position. Strengthening Families & Communities LLC’s holdings in ONEOK were worth $3,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HM Payson & Co. boosted its stake in shares of ONEOK by 6.3% in the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 105 shares in the last quarter. Claro Advisors LLC lifted its stake in shares of ONEOK by 1.6% in the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock valued at $650,000 after acquiring an additional 115 shares during the last quarter. Haverford Trust Co boosted its holdings in shares of ONEOK by 1.2% during the 3rd quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 117 shares in the last quarter. QRG Capital Management Inc. grew its position in ONEOK by 2.2% during the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock worth $454,000 after acquiring an additional 119 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock worth $1,111,000 after purchasing an additional 122 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

Shares of OKE opened at $109.81 on Monday. The firm has a market cap of $64.15 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 5.48 and a beta of 1.66. ONEOK, Inc. has a 52-week low of $64.68 and a 52-week high of $110.05. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The business’s 50 day moving average price is $96.54 and its two-hundred day moving average price is $87.72.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 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 company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities analysts anticipate that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, November 1st. ONEOK’s payout ratio is 82.85%.

Analyst Ratings Changes

Several analysts have recently weighed in on OKE shares. Wells Fargo & Company boosted their price target on ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Truist Financial boosted their target price on shares of ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Citigroup raised their price target on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Scotiabank boosted their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 30th. Finally, Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.38.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were 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 at this link. 0.20% of the stock is owned by company insiders.

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.