CreativeOne Wealth LLC Purchases 5,761 Shares of ONEOK, Inc. (NYSE:OKE)

CreativeOne Wealth LLC boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 37.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,041 shares of the utilities provider’s stock after buying an additional 5,761 shares during the quarter. CreativeOne Wealth LLC’s holdings in ONEOK were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in ONEOK during the third quarter worth $29,000. Quest Partners LLC bought a new stake in ONEOK during the second quarter worth $28,000. Ridgewood Investments LLC bought a new stake in ONEOK during the second quarter worth $31,000. Access Investment Management LLC bought a new stake in ONEOK during the third quarter worth $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK during the third quarter worth $44,000. 69.13% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction that occurred on 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 filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

ONEOK Trading Down 0.8 %

Shares of ONEOK stock opened at $112.59 on Friday. The company has a market capitalization of $65.77 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 5.69 and a beta of 1.66. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12-month low of $65.49 and a 12-month high of $118.07. The firm’s 50-day moving average price is $100.35 and its two-hundred day moving average price is $89.78.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the company earned $0.99 earnings per share. On average, analysts forecast that ONEOK, Inc. will post 5.08 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company 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 was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. ONEOK’s payout ratio is 82.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OKE shares. Truist Financial increased their price objective on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Barclays increased their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.38.

About ONEOK

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.