Capital Fund Management S.A. decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,788 shares of the utilities provider’s stock after selling 8,515 shares during the quarter. Capital Fund Management S.A.’s holdings in ONEOK were worth $8,022,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Penserra Capital Management LLC raised its position in ONEOK by 14.6% in the 1st quarter. Penserra Capital Management LLC now owns 22,931 shares of the utilities provider’s stock worth $1,271,000 after buying an additional 2,925 shares during the last quarter. 1st Global Advisors Inc. purchased a new position in ONEOK in the 1st quarter worth about $885,000. Catalyst Capital Advisors LLC raised its position in ONEOK by 30.7% in the 1st quarter. Catalyst Capital Advisors LLC now owns 108,336 shares of the utilities provider’s stock worth $6,006,000 after buying an additional 25,440 shares during the last quarter. Neuberger Berman Group LLC raised its position in ONEOK by 16.1% in the 1st quarter. Neuberger Berman Group LLC now owns 8,572,212 shares of the utilities provider’s stock worth $475,243,000 after buying an additional 1,190,284 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in ONEOK by 13.5% in the 1st quarter. AE Wealth Management LLC now owns 19,766 shares of the utilities provider’s stock worth $1,096,000 after buying an additional 2,356 shares during the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.
OKE has been the subject of a number of recent analyst reports. Argus reissued a “buy” rating and issued a $59.00 target price (up previously from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. BidaskClub raised ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG raised ONEOK from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $59.00 in a research report on Wednesday, June 14th. Morgan Stanley lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 target price for the company. in a research report on Wednesday, July 5th. Finally, Barclays PLC initiated coverage on ONEOK in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 target price for the company. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.54.
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In other news, Director Eduardo A. Rodriguez sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $50.34, for a total value of $100,680.00. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $912,412.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
ONEOK, Inc. (NYSE:OKE) traded down 0.44% during midday trading on Friday, hitting $56.22. 3,295,839 shares of the stock traded hands. The stock has a market cap of $21.36 billion, a PE ratio of 35.23 and a beta of 1.32. The company has a 50-day moving average of $53.86 and a 200-day moving average of $52.82. ONEOK, Inc. has a 12 month low of $45.41 and a 12 month high of $59.47.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.12. ONEOK had a return on equity of 8.62% and a net margin of 3.26%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts anticipate that ONEOK, Inc. will post $1.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 5.30%. This is a boost from ONEOK’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 186.25%.
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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