Capital Analysts LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 23,630.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,460 shares of the utilities provider’s stock after acquiring an additional 47,260 shares during the period. Capital Analysts LLC’s holdings in ONEOK were worth $2,630,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of ONEOK by 53.7% in the second quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock valued at $908,434,000 after buying an additional 6,086,061 shares during the last quarter. BlackRock Inc. raised its holdings in shares of ONEOK by 28.4% in the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock valued at $1,252,605,000 after buying an additional 5,317,251 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ONEOK by 17.3% in the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock valued at $1,418,645,000 after buying an additional 4,002,795 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of ONEOK by 10,295.1% in the second quarter. Janus Henderson Group PLC now owns 2,258,138 shares of the utilities provider’s stock valued at $117,779,000 after buying an additional 2,236,415 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of ONEOK by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 6,825,358 shares of the utilities provider’s stock valued at $356,012,000 after buying an additional 1,369,438 shares during the last quarter. 53.22% of the stock is owned by hedge funds and other institutional investors.
Shares of ONEOK, Inc. (OKE) traded down $0.15 during trading on Monday, hitting $52.25. 1,461,038 shares of the stock were exchanged, compared to its average volume of 3,296,294. ONEOK, Inc. has a twelve month low of $46.82 and a twelve month high of $59.47. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $20,070.00, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 3.79 and a beta of 1.30.
ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm earned $0.43 earnings per share. equities analysts forecast that ONEOK, Inc. will post 1.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.98 annualized dividend and a yield of 5.70%. ONEOK’s payout ratio is currently 186.25%.
A number of brokerages have recently commented on OKE. BidaskClub raised shares of ONEOK from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG upped their target price on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Mizuho began coverage on shares of ONEOK in a report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 target price for the company. Barclays PLC began coverage on shares of ONEOK in a report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 target price (up from $51.00) on shares of ONEOK in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.07.
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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