ONEOK, Inc. (NYSE:OKE) Shares Sold by Miramar Capital LLC

Miramar Capital LLC cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,373 shares of the utilities provider’s stock after selling 1,669 shares during the quarter. ONEOK comprises about 4.4% of Miramar Capital LLC’s holdings, making the stock its 6th largest position. Miramar Capital LLC’s holdings in ONEOK were worth $18,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Quest Partners LLC acquired a new stake in ONEOK during the 2nd quarter worth about $28,000. Matrix Trust Co bought a new stake in ONEOK in the third quarter worth approximately $29,000. Ridgewood Investments LLC acquired a new position in ONEOK in the second quarter valued at approximately $31,000. Access Investment Management LLC bought a new position in shares of ONEOK during the 3rd quarter worth approximately $37,000. Finally, Values First Advisors Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at $44,000. Institutional investors own 69.13% of the company’s stock.

Insiders Place Their Bets

In other ONEOK 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 filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research reports. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Truist Financial lifted their price objective on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $100.38.

ONEOK Price Performance

OKE opened at $109.81 on Friday. ONEOK, Inc. has a fifty-two week low of $64.68 and a fifty-two week high of $110.05. The firm has a 50-day moving average of $96.54 and a 200 day moving average of $87.58. 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 firm has a market cap of $64.15 billion, a P/E ratio of 22.97, a PEG ratio of 5.40 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 the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the company posted $0.99 earnings per share. On average, research analysts expect that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

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

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.