Toronto Dominion Bank lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,460 shares of the utilities provider’s stock after purchasing an additional 40,141 shares during the period. Toronto Dominion Bank’s holdings in ONEOK were worth $18,674,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG boosted its position in ONEOK by 1.9% during the fourth quarter. Deutsche Bank AG now owns 3,440,599 shares of the utilities provider’s stock worth $185,610,000 after acquiring an additional 64,227 shares during the last quarter. CWM Advisors LLC boosted its position in ONEOK by 5.5% during the fourth quarter. CWM Advisors LLC now owns 5,648 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 295 shares during the last quarter. Paradigm Financial Partners LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $1,364,000. United Services Automobile Association boosted its position in ONEOK by 11.9% during the fourth quarter. United Services Automobile Association now owns 199,944 shares of the utilities provider’s stock worth $10,787,000 after acquiring an additional 21,319 shares during the last quarter. Finally, Wambolt & Associates LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $1,476,000. 74.38% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:OKE traded up $0.49 during midday trading on Friday, hitting $68.59. 18,282 shares of the company’s stock traded hands, compared to its average volume of 1,873,347. The company has a current ratio of 0.79, a quick ratio of 0.55 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $28.11 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.93 and a beta of 1.20. ONEOK, Inc. has a twelve month low of $50.26 and a twelve month high of $71.99.
ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.70 billion. ONEOK had a net margin of 9.98% and a return on equity of 18.47%. During the same quarter in the previous year, the business posted $0.64 EPS. On average, analysts predict that ONEOK, Inc. will post 3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Monday, April 29th were issued a dividend of $0.865 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, April 26th. This represents a $3.46 annualized dividend and a dividend yield of 5.04%. ONEOK’s payout ratio is presently 124.46%.
A number of brokerages have weighed in on OKE. Raymond James lowered shares of ONEOK from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, April 16th. UBS Group lifted their price target on shares of ONEOK from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Jefferies Financial Group lowered shares of ONEOK from a “buy” rating to a “hold” rating and lifted their price target for the company from $72.00 to $74.00 in a report on Monday, April 1st. Seaport Global Securities lowered shares of ONEOK from a “buy” rating to a “neutral” rating and set a $69.07 price target on the stock. in a report on Monday, April 22nd. Finally, Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Tuesday, March 19th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. ONEOK currently has an average rating of “Buy” and a consensus price target of $71.73.
In related news, Director Eduardo A. Rodriguez sold 1,500 shares of ONEOK stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.75, for a total transaction of $100,125.00. Following the transaction, the director now owns 15,536 shares in the company, valued at approximately $1,037,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.
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ONEOK Company Profile
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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