Dupont Capital Management Corp raised its position in ONEOK, Inc. (NYSE:OKE) by 58.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 170,540 shares of the utilities provider’s stock after buying an additional 62,962 shares during the period. Dupont Capital Management Corp’s holdings in ONEOK were worth $8,895,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. CHICAGO TRUST Co NA boosted its position in ONEOK by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,020 shares of the utilities provider’s stock worth $210,000 after buying an additional 20 shares during the last quarter. Cleararc Capital Inc. boosted its position in ONEOK by 0.7% in the first quarter. Cleararc Capital Inc. now owns 5,147 shares of the utilities provider’s stock worth $285,000 after buying an additional 36 shares during the last quarter. New Amsterdam Partners LLC NY boosted its position in ONEOK by 0.6% in the second quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock worth $489,000 after buying an additional 58 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in ONEOK by 0.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,076 shares of the utilities provider’s stock worth $448,000 after buying an additional 60 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in ONEOK by 0.4% in the first quarter. Capstone Asset Management Co. now owns 18,444 shares of the utilities provider’s stock worth $1,023,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.
Shares of ONEOK, Inc. (NYSE OKE) opened at 52.41 on Monday. ONEOK, Inc. has a 52-week low of $45.41 and a 52-week high of $59.47. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 32.84 and a beta of 1.31. The company has a 50-day moving average price of $53.16 and a 200-day moving average price of $53.04.
ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.12. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, equities analysts anticipate that ONEOK, Inc. will post $1.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.62. This represents a $2.98 annualized dividend and a dividend yield of 5.69%. ONEOK’s payout ratio is currently 186.25%.
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A number of equities analysts have issued reports on the company. Guggenheim began coverage on ONEOK in a report on Monday, April 17th. They set a “buy” rating and a $62.00 price target on the stock. UBS AG raised ONEOK from a “neutral” rating to a “buy” rating and upped their target price for the stock from $56.00 to $59.00 in a research report on Wednesday, June 14th. BidaskClub raised ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC set a $51.00 target price on ONEOK and gave the stock a “hold” rating in a research report on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. ONEOK has a consensus rating of “Hold” and an average target price of $57.15.
In other ONEOK news, Director Eduardo A. Rodriguez sold 2,000 shares of ONEOK stock in a transaction on Friday, June 16th. The stock was sold at an average price of $50.34, for a total transaction of $100,680.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $912,412.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by insiders.
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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