Sigma Planning Corp Acquires 352 Shares of ONEOK, Inc. (NYSE:OKE)

Sigma Planning Corp grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,095 shares of the utilities provider’s stock after acquiring an additional 352 shares during the period. Sigma Planning Corp’s holdings in ONEOK were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Quest Partners LLC purchased a new position in shares of ONEOK during the 2nd quarter valued at $28,000. Matrix Trust Co purchased a new position in shares of ONEOK during the 3rd quarter valued at $29,000. Ridgewood Investments LLC purchased a new position in shares of ONEOK during the 2nd quarter valued at $31,000. Values First Advisors Inc. purchased a new position in shares of ONEOK during the 3rd quarter valued at $44,000. Finally, Fortitude Family Office LLC lifted its stake in shares of ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after buying an additional 135 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 1.1 %

OKE opened at $107.81 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock’s fifty day moving average is $95.19 and its two-hundred day moving average is $86.90. The company has a market capitalization of $62.98 billion, a P/E ratio of 22.81, a PEG ratio of 5.35 and a beta of 1.66. ONEOK, Inc. has a 52 week low of $63.77 and a 52 week high of $109.21.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. ONEOK’s dividend payout ratio is presently 82.85%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Citigroup boosted their target price on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Scotiabank boosted their target price 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. Eight 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, ONEOK has an average rating of “Moderate Buy” and an average target price of $96.92.

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

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.