Personal Capital Advisors Corp boosted its position in shares of ONEOK (NYSE:OKE) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,967 shares of the utilities provider’s stock after acquiring an additional 66,416 shares during the period. Personal Capital Advisors Corp owned approximately 0.08% of ONEOK worth $18,326,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of OKE. Gabelli Funds LLC boosted its holdings in ONEOK by 1.4% during the first quarter. Gabelli Funds LLC now owns 915,500 shares of the utilities provider’s stock valued at $52,110,000 after purchasing an additional 12,500 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in ONEOK during the first quarter valued at approximately $225,000. Candriam Luxembourg S.C.A. boosted its holdings in ONEOK by 6.8% during the first quarter. Candriam Luxembourg S.C.A. now owns 63,787 shares of the utilities provider’s stock valued at $3,631,000 after purchasing an additional 4,077 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in ONEOK by 8.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 42,732 shares of the utilities provider’s stock valued at $2,433,000 after purchasing an additional 3,472 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in ONEOK by 11.9% during the first quarter. BlackRock Inc. now owns 33,352,781 shares of the utilities provider’s stock valued at $1,898,440,000 after purchasing an additional 3,549,791 shares in the last quarter. Hedge funds and other institutional investors own 74.16% of the company’s stock.
Shares of ONEOK opened at $66.06 on Wednesday, according to Marketbeat Ratings. The company has a market capitalization of $27.33 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 0.63. ONEOK has a one year low of $47.14 and a one year high of $67.31.
ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, May 1st. The utilities provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.49 billion. ONEOK had a return on equity of 11.95% and a net margin of 4.51%. During the same period in the previous year, the business earned $0.41 EPS. sell-side analysts expect that ONEOK will post 2.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a $0.795 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.77. This represents a $3.18 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, April 27th. ONEOK’s payout ratio is presently 180.68%.
In related news, Director Eduardo A. Rodriguez sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $56.94, for a total value of $119,574.00. Following the completion of the transaction, the director now owns 16,025 shares in the company, valued at approximately $912,463.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sheppard F. Miers III sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $56.70, for a total transaction of $124,740.00. Following the completion of the transaction, the vice president now owns 31,244 shares of the company’s stock, valued at approximately $1,771,534.80. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. ValuEngine raised ONEOK from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Stifel Nicolaus lifted their price objective on ONEOK from $61.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 3rd. TheStreet raised ONEOK from a “c+” rating to a “b-” rating in a report on Tuesday, April 10th. Jefferies Group raised ONEOK from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th. Finally, Barclays decreased their price objective on ONEOK from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, April 17th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.43.
ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
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