Private Advisor Group LLC Has $995,000 Holdings in ONEOK, Inc. (OKE)

Private Advisor Group LLC lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,504 shares of the utilities provider’s stock after selling 3,598 shares during the period. Private Advisor Group LLC’s holdings in ONEOK were worth $995,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. CHICAGO TRUST Co NA grew its position in shares of ONEOK by 0.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,020 shares of the utilities provider’s stock worth $210,000 after purchasing an additional 20 shares in the last quarter. Cleararc Capital Inc. grew its position in shares of ONEOK by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 5,147 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 36 shares in the last quarter. New Amsterdam Partners LLC NY grew its position in shares of ONEOK by 0.6% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 58 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of ONEOK by 0.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,076 shares of the utilities provider’s stock worth $448,000 after purchasing an additional 60 shares in the last quarter. Finally, Sentry Investment Management LLC grew its position in shares of ONEOK by 0.5% during the 1st quarter. Sentry Investment Management LLC now owns 15,196 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

In other ONEOK news, Director Eduardo A. Rodriguez sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were 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 owns 18,125 shares of the company’s stock, valued at approximately $912,412.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

A number of research analysts have issued reports on the stock. Credit Suisse Group decreased their target price on shares of ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and set a $52.00 target price (up previously from $51.00) on shares of ONEOK in a research report on Friday, September 1st. Barclays PLC assumed coverage on shares of ONEOK in a research report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 target price on the stock. BidaskClub upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Argus restated a “buy” rating and set a $59.00 target price (up previously from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.54.

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ONEOK, Inc. (NYSE OKE) opened at 56.22 on Monday. The company has a 50-day moving average of $53.86 and a 200 day moving average of $52.82. The company has a market cap of $21.36 billion, a P/E ratio of 35.23 and a beta of 1.32. ONEOK, Inc. has a 52 week low of $45.41 and a 52 week high of $59.47.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ 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 company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the firm earned $0.40 EPS. On average, equities analysts forecast that ONEOK, Inc. will post $1.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.62. ONEOK’s payout ratio is currently 186.25%.

About ONEOK

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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