ONEOK, Inc. (NYSE:OKE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in ONEOK, Inc. (NYSE:OKE) by 3.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 56,426 shares of the utilities provider’s stock after selling 1,731 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ONEOK were worth $5,142,000 as of its most recent SEC filing.

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

ONEOK Price Performance

Shares of NYSE:OKE opened at $117.05 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm’s 50 day moving average is $98.87 and its two-hundred day moving average is $88.93. The firm has a market capitalization of $68.38 billion, a P/E ratio of 24.49, a PEG ratio of 5.82 and a beta of 1.66. ONEOK, Inc. has a 52 week low of $65.49 and a 52 week high of $118.07.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the firm earned $0.99 EPS. Analysts anticipate that ONEOK, Inc. will post 5.15 earnings per share 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 given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.38%. ONEOK’s dividend payout ratio is presently 82.85%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OKE shares. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Citigroup lifted their price target on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada upped their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Scotiabank lifted their target price on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Finally, Truist Financial raised their price objective on ONEOK from $83.00 to $99.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.38.

Insider Buying and Selling at ONEOK

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

ONEOK Company 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.