ONEOK, Inc. (OKE) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its position in ONEOK, Inc. (NYSE:OKE) by 595.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,301 shares of the utilities provider’s stock after buying an additional 11,388 shares during the quarter. Lazard Asset Management LLC’s holdings in ONEOK were worth $710,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of ONEOK by 562.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after buying an additional 2,322 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in shares of ONEOK in the 3rd quarter valued at $150,000. Sun Life Financial INC raised its holdings in shares of ONEOK by 82.1% in the 3rd 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. Steward Partners Investment Advisory LLC purchased a new stake in shares of ONEOK in the 3rd quarter valued at $169,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of ONEOK in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 68.50% of the company’s stock.

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In related news, VP Sheppard F. Miers III sold 2,200 shares of the business’s stock in a transaction 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 directly owns 31,244 shares of the company’s stock, valued at approximately $1,771,534.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Several equities research analysts recently issued reports on OKE shares. Zacks Investment Research upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Royal Bank of Canada upgraded ONEOK from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Credit Suisse Group started coverage on ONEOK in a report on Monday, January 8th. They issued an “outperform” rating and a $62.00 price objective on the stock. Barclays upgraded ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $58.00 to $67.00 in a report on Wednesday, January 17th. Finally, Robert W. Baird set a $55.00 price objective on ONEOK and gave the company a “hold” rating in a report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $61.29.

ONEOK, Inc. (NYSE OKE) opened at $57.59 on Tuesday. ONEOK, Inc. has a one year low of $47.14 and a one year high of $61.36. The company has a market capitalization of $23,533.45, a price-to-earnings ratio of 33.91, a P/E/G ratio of 2.89 and a beta of 1.26. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 1.42.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 26th. The utilities provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the firm posted $0.43 EPS. analysts anticipate that ONEOK, Inc. will post 2.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, January 29th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.35%. This is a boost from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 26th. ONEOK’s payout ratio is presently 231.58%.

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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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