Texas Yale Capital Corp. grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 2,704.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,596 shares of the utilities provider’s stock after purchasing an additional 220,446 shares during the quarter. ONEOK makes up approximately 1.1% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 10th largest position. Texas Yale Capital Corp. owned approximately 0.06% of ONEOK worth $12,666,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Delta Asset Management LLC TN bought a new position in ONEOK in the second quarter worth about $103,000. Ropes Wealth Advisors LLC bought a new position in ONEOK in the second quarter worth about $103,000. Smithfield Trust Co. raised its holdings in ONEOK by 107.7% in the second quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,034 shares in the last quarter. Winslow Evans & Crocker Inc. raised its holdings in ONEOK by 462.9% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Mercer Capital Advisers Inc. raised its holdings in ONEOK by 229.8% in the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 1,379 shares in the last quarter. 71.02% of the stock is owned by hedge funds and other institutional investors.
In other ONEOK news, Director Brian L. Derksen purchased 1,800 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $51.00 per share, for a total transaction of $91,800.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Argus reiterated a “buy” rating and issued a $59.00 target price (up previously from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. BMO Capital Markets set a $62.00 target price on ONEOK and gave the company a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 target price on shares of ONEOK in a research report on Friday, November 3rd. Finally, UBS upped their price objective on ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.07.
ONEOK, Inc. (NYSE:OKE) opened at $52.41 on Friday. ONEOK, Inc. has a 52 week low of $47.14 and a 52 week high of $59.47. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $19,930.00, a price-to-earnings ratio of 32.71, a P/E/G ratio of 3.36 and a beta of 1.26.
ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS 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 analyst estimates of $2.80 billion. During the same period in the prior year, the company posted $0.43 earnings per share. equities analysts predict that ONEOK, Inc. will post 1.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Friday, November 3rd. ONEOK’s dividend payout ratio is presently 186.25%.
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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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