Spire Wealth Management Buys 384 Shares of ONEOK, Inc. (NYSE:OKE)

Spire Wealth Management grew its stake in ONEOK, Inc. (NYSE:OKEFree Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,451 shares of the utilities provider’s stock after purchasing an additional 384 shares during the period. Spire Wealth Management’s holdings in ONEOK were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of ONEOK in the 1st quarter valued at approximately $25,000. Beacon Capital Management LLC grew its stake in shares of ONEOK by 90.7% in the 4th quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 194 shares during the period. HHM Wealth Advisors LLC bought a new stake in shares of ONEOK in the 4th quarter valued at approximately $32,000. American National Bank acquired a new position in shares of ONEOK in the 1st quarter worth approximately $32,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of ONEOK by 605.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 478 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on OKE shares. StockNews.com raised ONEOK from a “sell” rating to a “hold” rating in a report on Friday. US Capital Advisors downgraded ONEOK from an “overweight” rating to a “hold” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their target price on ONEOK from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. UBS Group boosted their target price on ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Citigroup upped their price objective on ONEOK from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Hold” and an average target price of $83.58.

Get Our Latest Analysis on OKE

ONEOK Trading Up 0.1 %

Shares of OKE stock traded up $0.08 during trading hours on Monday, reaching $82.71. The company had a trading volume of 1,630,144 shares, compared to its average volume of 2,902,286. The company has a 50 day moving average of $79.37 and a 200 day moving average of $73.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. The firm has a market cap of $48.27 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 4.43 and a beta of 1.64. ONEOK, Inc. has a 1-year low of $56.19 and a 1-year high of $83.09.

ONEOK (NYSE:OKEGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same quarter in the prior year, the business posted $2.34 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 4.94 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Tuesday, April 30th. ONEOK’s dividend payout ratio is currently 92.09%.

Insider Activity at ONEOK

In other news, Director Wayne Thomas Smith acquired 2,700 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $75.25 per share, for a total transaction of $203,175.00. Following the transaction, the director now directly owns 2,700 shares in the company, valued at $203,175. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

ONEOK Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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