Sii Investments Inc. WI Invests $207,000 in ONEOK, Inc. (OKE) Stock
Sii Investments Inc. WI bought a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,729 shares of the utilities provider’s stock, valued at approximately $207,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Ropes Wealth Advisors LLC acquired a new position in ONEOK during the 2nd quarter worth $103,000. Smithfield Trust Co. boosted its position in shares of ONEOK by 107.7% during the 2nd quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,034 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in shares of ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. boosted its position in shares of ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 1,379 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its position in shares of ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 1,744 shares in the last quarter. 70.97% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Brian L. Derksen bought 1,800 shares of ONEOK stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.
ONEOK, Inc. (OKE) traded up $0.21 during trading on Friday, hitting $52.11. The stock had a trading volume of 3,260,266 shares, compared to its average volume of 2,201,756. ONEOK, Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $59.47. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market cap of $19,900.37, a P/E ratio of 32.44, a P/E/G ratio of 3.77 and a beta of 1.26.
ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. sell-side analysts forecast that ONEOK, Inc. will post 1.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Friday, November 3rd. ONEOK’s payout ratio is currently 186.25%.
OKE has been the subject of several analyst reports. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $58.00 price objective on shares of ONEOK in a research report on Monday, September 11th. Zacks Investment Research raised ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, October 17th. Argus reaffirmed a “buy” rating and set a $59.00 price objective (up from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price objective on shares of ONEOK in a research report on Thursday, October 12th. Finally, BMO Capital Markets set a $62.00 price objective on ONEOK and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.07.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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