MUFG Americas Holdings Corp Takes Position in ONEOK, Inc. (OKE)

MUFG Americas Holdings Corp purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel reports. The firm purchased 21,050 shares of the utilities provider’s stock, valued at approximately $1,125,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winslow Evans & Crocker Inc. boosted its position in ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,620 shares during the period. Mercer Capital Advisers Inc. boosted its position in ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,379 shares during the period. Enterprise Financial Services Corp boosted its position in ONEOK by 332.8% during the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,744 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in ONEOK during the third quarter valued at about $150,000. Finally, Sun Life Financial INC boosted its position in ONEOK by 82.1% during the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,261 shares during the period. Institutional investors and hedge funds own 66.59% of the company’s stock.

In related news, Director Brian L. Derksen purchased 1,800 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Several research firms have issued reports on OKE. Credit Suisse Group began coverage on shares of ONEOK in a research report on Monday, January 8th. They set an “outperform” rating and a $62.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of ONEOK from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Mizuho restated a “hold” rating and set a $61.00 price target on shares of ONEOK in a research report on Tuesday, January 23rd. Zacks Investment Research lowered shares of ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Wells Fargo & Co upgraded shares of ONEOK from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. ONEOK currently has a consensus rating of “Buy” and an average target price of $60.15.

Shares of ONEOK, Inc. (NYSE OKE) opened at $56.91 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market cap of $23,360.19, a PE ratio of 35.57, a PEG ratio of 1.77 and a beta of 1.26. ONEOK, Inc. has a 1-year low of $47.14 and a 1-year high of $61.36.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, January 29th were issued a dividend of $0.77 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend was Friday, January 26th. ONEOK’s dividend payout ratio is currently 192.50%.

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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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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