GoalVest Advisory LLC Purchases 574 Shares of ONEOK, Inc. (NYSE:OKE)

GoalVest Advisory LLC boosted its position in ONEOK, Inc. (NYSE:OKE) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,661 shares of the utilities provider’s stock after acquiring an additional 574 shares during the period. GoalVest Advisory LLC’s holdings in ONEOK were worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of ONEOK by 9,439.9% during the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after acquiring an additional 3,197,121 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in ONEOK by 3,648.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider’s stock worth $41,995,000 after purchasing an additional 501,216 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of ONEOK by 370.1% in the 1st quarter. Cetera Investment Advisers now owns 615,276 shares of the utilities provider’s stock valued at $49,327,000 after purchasing an additional 484,403 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of ONEOK by 3,137.6% in the second quarter. Strategic Financial Concepts LLC now owns 405,158 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 392,644 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of ONEOK by 119.8% during the third quarter. Assenagon Asset Management S.A. now owns 588,801 shares of the utilities provider’s stock worth $53,657,000 after buying an additional 320,967 shares during the period. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OKE has been the topic of several research reports. UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday. Bank of America initiated coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Citigroup boosted their price target on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Scotiabank raised their price objective on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.38.

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 shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

ONEOK Price Performance

Shares of OKE opened at $109.81 on Friday. The company’s 50-day moving average is $96.54 and its 200-day moving average is $87.64. 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 $64.15 billion, a PE ratio of 22.97, a PEG ratio of 5.48 and a beta of 1.66. ONEOK, Inc. has a fifty-two week low of $64.68 and a fifty-two week high of $110.05.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $5.81 billion. During the same quarter last year, the business earned $0.99 earnings per share. Equities analysts forecast that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given 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 payout ratio is 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.