CHICAGO TRUST Co NA Has $1.31 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

CHICAGO TRUST Co NA lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 97.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,414 shares of the utilities provider’s stock after buying an additional 7,107 shares during the quarter. CHICAGO TRUST Co NA’s holdings in ONEOK were worth $1,314,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. QRG Capital Management Inc. boosted its holdings in ONEOK by 2.2% in the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 119 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of ONEOK by 0.9% in the second quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock valued at $1,111,000 after buying an additional 122 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of ONEOK by 1.1% in the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock valued at $935,000 after buying an additional 122 shares during the period. Capital Wealth Planning LLC grew its position in ONEOK by 4.3% during the second quarter. Capital Wealth Planning LLC now owns 3,166 shares of the utilities provider’s stock worth $258,000 after buying an additional 131 shares in the last quarter. Finally, Aviso Wealth Management increased its stake in ONEOK by 1.7% during the 2nd quarter. Aviso Wealth Management now owns 7,813 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 134 shares during the period. Institutional investors own 69.13% of the company’s stock.

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction on Thursday, September 5th. The shares were 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 available through this link. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OKE shares. JPMorgan Chase & Co. upped their target price on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Wells Fargo & Company increased their price objective on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Tudor Pickering raised shares of ONEOK to a “hold” rating in a report on Thursday, July 18th. Scotiabank upped their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada lifted their price objective on shares of ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday, August 22nd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.38.

ONEOK Stock Up 2.0 %

ONEOK stock opened at $96.61 on Friday. The firm has a market capitalization of $56.43 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 4.68 and a beta of 1.67. The firm’s fifty day moving average price is $90.44 and its two-hundred day moving average price is $84.11. ONEOK, Inc. has a 1-year low of $63.33 and a 1-year high of $96.64. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter last year, the firm earned $1.04 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.10%. ONEOK’s dividend payout ratio (DPR) is currently 86.27%.

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.