128,039 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Eventide Asset Management LLC

Eventide Asset Management LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 128,039 shares of the utilities provider’s stock, valued at approximately $11,668,000.

Several other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in ONEOK in the first quarter worth $111,000. Cetera Investment Advisers boosted its holdings in shares of ONEOK by 370.1% during the 1st quarter. Cetera Investment Advisers now owns 615,276 shares of the utilities provider’s stock worth $49,327,000 after buying an additional 484,403 shares during the period. Cetera Advisors LLC raised its stake in ONEOK by 21.3% in the 1st quarter. Cetera Advisors LLC now owns 214,261 shares of the utilities provider’s stock worth $17,177,000 after purchasing an additional 37,606 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of ONEOK by 2.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 316,135 shares of the utilities provider’s stock valued at $25,345,000 after buying an additional 7,179 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in ONEOK by 1.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 124,244 shares of the utilities provider’s stock worth $9,864,000 after purchasing an additional 2,028 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on OKE. Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Bank of America began coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Royal Bank of Canada raised their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday. Finally, Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.38.

ONEOK Stock Performance

NYSE OKE opened at $112.59 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a 1 year low of $65.49 and a 1 year high of $118.07. The company has a market capitalization of $65.77 billion, a PE ratio of 23.55, a P/E/G ratio of 5.69 and a beta of 1.66. The company has a fifty day moving average of $100.35 and a two-hundred day moving average of $89.78.

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). The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the company posted $0.99 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.08 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed 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 3.52%. ONEOK’s payout ratio is currently 82.85%.

About ONEOK

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.