ONEOK, Inc. (NYSE:OKE) Position Trimmed by Huntington National Bank

Huntington National Bank decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,263 shares of the utilities provider’s stock after selling 226 shares during the period. Huntington National Bank’s holdings in ONEOK were worth $1,573,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Matrix Trust Co acquired a new position in ONEOK in the 3rd quarter valued at approximately $29,000. Quest Partners LLC purchased a new position in shares of ONEOK during the 2nd quarter valued at $28,000. Ridgewood Investments LLC acquired a new position in shares of ONEOK in the second quarter worth $31,000. Access Investment Management LLC purchased a new stake in shares of ONEOK during the third quarter worth $37,000. Finally, Values First Advisors Inc. acquired a new stake in ONEOK during the third quarter valued at $44,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday. Scotiabank increased their price objective on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a report on Friday, August 30th. Truist Financial lifted their target price on shares of ONEOK from $83.00 to $99.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

ONEOK Stock Performance

Shares of NYSE OKE opened at $109.81 on Friday. ONEOK, Inc. has a 12 month low of $64.68 and a 12 month high of $110.05. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The company has a market cap of $64.15 billion, a P/E ratio of 22.97, a P/E/G ratio of 5.40 and a beta of 1.66. The business’s 50 day moving average is $96.17 and its two-hundred day moving average is $87.38.

ONEOK (NYSE:OKE) last announced its earnings results 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). 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 period last year, the firm posted $0.99 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Friday, November 1st. ONEOK’s 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.