ONEOK, Inc. (NYSE:OKE) Shares Bought by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 5,312 shares of the utilities provider’s stock after acquiring an additional 171 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in ONEOK were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OKE. HM Payson & Co. raised its holdings in shares of ONEOK by 6.3% in the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after buying an additional 105 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of ONEOK by 2.2% in the second 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 in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of 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 during the last quarter. Brighton Jones LLC increased its holdings in shares of ONEOK by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock valued at $935,000 after acquiring an additional 122 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in shares of ONEOK by 1.4% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock worth $839,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Activity

In related 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 transaction of $310,901.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a report on Thursday, July 18th. Wells Fargo & Company increased their target price on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Mizuho upped their target price on shares of ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and raised 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and an average target price of $96.92.

ONEOK Stock Performance

Shares of OKE stock traded up $3.30 during trading hours on Wednesday, reaching $101.91. 654,116 shares of the company traded hands, compared to its average volume of 2,727,559. The company has a market cap of $59.53 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.98 and a beta of 1.66. The firm has a 50-day moving average price of $94.01 and a 200 day moving average price of $86.20. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a 12-month low of $63.33 and a 12-month high of $102.79.

ONEOK (NYSE:OKE) last posted 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 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 period in the previous year, the firm earned $0.99 earnings per share. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.16 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.99 per share. The ex-dividend date is Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.89%. ONEOK’s dividend payout ratio is presently 82.85%.

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.