Yorktown Management & Research Co Inc bought a new position in ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the utilities provider’s stock, valued at approximately $554,000.
Several other institutional investors and hedge funds have also made changes to their positions in OKE. FMR LLC boosted its holdings in shares of ONEOK by 11.3% in the 1st quarter. FMR LLC now owns 116,387 shares of the utilities provider’s stock worth $6,452,000 after acquiring an additional 11,822 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in ONEOK by 9.5% during the 2nd quarter. LS Investment Advisors LLC now owns 8,670 shares of the utilities provider’s stock worth $452,000 after buying an additional 751 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in ONEOK by 80.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the utilities provider’s stock worth $1,226,000 after buying an additional 10,500 shares in the last quarter. Aperio Group LLC lifted its holdings in ONEOK by 13.6% during the 2nd quarter. Aperio Group LLC now owns 174,037 shares of the utilities provider’s stock worth $9,078,000 after buying an additional 20,783 shares in the last quarter. Finally, BB&T Corp acquired a new position in ONEOK during the 2nd quarter worth $958,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Brian L. Derksen acquired 1,800 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $55.00 target price on shares of ONEOK in a research report on Friday, November 3rd. UBS upped their target price on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of ONEOK from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. BMO Capital Markets set a $62.00 price objective on shares of ONEOK and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Mizuho initiated coverage on shares of ONEOK in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. ONEOK presently has a consensus rating of “Hold” and an average price target of $59.07.
Shares of ONEOK, Inc. (NYSE OKE) traded up $0.61 during trading hours on Thursday, reaching $52.41. 1,848,479 shares of the company traded hands, compared to its average volume of 3,226,128. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $59.47. The firm has a market cap of $19,930.00, a P/E ratio of 32.71, a P/E/G ratio of 3.36 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same quarter last year, the business earned $0.43 earnings per share. equities research analysts anticipate that ONEOK, Inc. will post 1.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.98 annualized dividend and a yield of 5.69%. ONEOK’s dividend payout ratio (DPR) is presently 186.25%.
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ONEOK Company Profile
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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