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

Centennial Wealth Advisory LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,312 shares of the utilities provider’s stock after acquiring an additional 171 shares during the period. Centennial Wealth Advisory LLC’s holdings in ONEOK were worth $484,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in 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 buying an additional 105 shares during 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. Johnson Investment Counsel Inc. raised its position in ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock valued at $1,111,000 after purchasing an additional 122 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of ONEOK by 1.1% during the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock worth $935,000 after purchasing an additional 122 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in shares of ONEOK by 1.4% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock valued at $839,000 after buying an additional 125 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Insider Transactions at ONEOK

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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

ONEOK Stock Up 3.3 %

OKE traded up $3.30 on Wednesday, hitting $101.91. The company had a trading volume of 654,116 shares, compared to its average volume of 2,727,559. ONEOK, Inc. has a 52-week low of $63.33 and a 52-week high of $102.79. The stock has a fifty day simple moving average of $94.01 and a 200-day simple moving average 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. The firm has a market capitalization 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.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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 firm 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, equities analysts expect that ONEOK, Inc. will post 5.16 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.89%. ONEOK’s dividend payout ratio is 82.85%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OKE. Morgan Stanley upgraded 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 report on Monday, September 16th. Citigroup raised their target price on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Scotiabank raised their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Bank of America started coverage on shares of ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Barclays raised their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, ONEOK has an average rating of “Moderate Buy” and a consensus price target of $96.92.

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.