Klein Pavlis & Peasley Financial Inc. Has $4.66 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Klein Pavlis & Peasley Financial Inc. raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,157 shares of the utilities provider’s stock after buying an additional 951 shares during the period. ONEOK makes up 3.7% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 3rd biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in ONEOK were worth $4,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. Matrix Trust Co acquired a new position in shares of ONEOK during the third quarter valued at approximately $29,000. Quest Partners LLC bought a new position in ONEOK during the 2nd quarter valued at $28,000. Ridgewood Investments LLC acquired a new position in shares of ONEOK during the 2nd quarter valued at $31,000. Manchester Capital Management LLC raised its stake in shares of ONEOK by 66.4% in the 1st quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after buying an additional 182 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of ONEOK in the third quarter valued at $44,000. 69.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on OKE. Citigroup lifted their target price on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Tudor Pickering raised shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Scotiabank increased their target price on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Finally, Wells Fargo & Company increased their price objective on ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.77.

ONEOK Trading Down 0.8 %

NYSE:OKE opened at $96.66 on Monday. The stock has a market cap of $56.42 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 4.31 and a beta of 1.67. ONEOK, Inc. has a fifty-two week low of $63.33 and a fifty-two week high of $98.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. The stock’s 50-day moving average is $92.85 and its two-hundred day moving average is $85.33.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, equities research analysts forecast that ONEOK, Inc. will post 4.98 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

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.