ONEOK, Inc. (NYSE:OKE) is Miramar Capital LLC’s 6th Largest Position

Miramar Capital LLC reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,373 shares of the utilities provider’s stock after selling 1,669 shares during the quarter. ONEOK accounts for about 4.4% of Miramar Capital LLC’s investment portfolio, making the stock its 6th largest position. Miramar Capital LLC’s holdings in ONEOK were worth $18,898,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of OKE. National Pension Service raised its position in ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock valued at $69,608,000 after purchasing an additional 12,349 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock worth $12,871,000 after buying an additional 5,175 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of ONEOK in the 2nd quarter valued at $1,225,000. Point72 Europe London LLP bought a new position in shares of ONEOK during the 2nd quarter valued at $15,008,000. Finally, Nations Financial Group Inc. IA ADV raised its position in ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock worth $4,972,000 after purchasing an additional 5,451 shares during the period. Institutional investors own 69.13% of the company’s stock.

Insider Buying and Selling at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction on 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 is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

NYSE:OKE opened at $109.81 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 52-week low of $64.68 and a 52-week high of $110.05. The firm has a market capitalization of $64.15 billion, a PE ratio of 22.97, a P/E/G ratio of 5.40 and a beta of 1.66. The stock has a 50-day simple moving average of $96.54 and a two-hundred day simple moving average of $87.58.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share 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 for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the company posted $0.99 EPS. Analysts forecast that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.61%. ONEOK’s payout ratio is currently 82.85%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of recent research reports. UBS Group raised their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their target price on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and an average price target of $100.38.

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.