Alps Advisors Inc. lessened its holdings in ONEOK, Inc. (NYSE:OKE) by 13.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 928,335 shares of the utilities provider’s stock after selling 143,240 shares during the period. Alps Advisors Inc. owned about 0.24% of ONEOK worth $51,439,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of OKE. FMR LLC raised its holdings in shares of ONEOK by 11.3% in the 1st quarter. FMR LLC now owns 116,387 shares of the utilities provider’s stock worth $6,452,000 after acquiring an additional 11,822 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of ONEOK by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 301,399 shares of the utilities provider’s stock worth $16,710,000 after acquiring an additional 9,820 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of ONEOK by 4.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,060 shares of the utilities provider’s stock worth $447,000 after acquiring an additional 330 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ONEOK by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 899,251 shares of the utilities provider’s stock worth $49,850,000 after acquiring an additional 16,026 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of ONEOK by 90.0% in the 1st quarter. Bank of America Corp DE now owns 299,045 shares of the utilities provider’s stock worth $16,579,000 after acquiring an additional 141,615 shares during the last quarter. Institutional investors own 52.51% of the company’s stock.
ONEOK, Inc. (NYSE:OKE) traded down $0.55 on Friday, reaching $52.44. 523,347 shares of the company traded hands, compared to its average volume of 2,300,000. The company has a market cap of $20,100.00, a P/E ratio of 33.19, a PEG ratio of 3.84 and a beta of 1.30. ONEOK, Inc. has a 52 week low of $46.82 and a 52 week high of $59.47. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period last year, the business posted $0.43 earnings per share. equities analysts anticipate that ONEOK, Inc. will post 1.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 5.68%. The ex-dividend date is Friday, November 3rd. ONEOK’s payout ratio is 186.25%.
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $55.00 target price on shares of ONEOK in a report on Friday, November 3rd. UBS AG increased their price objective on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of ONEOK from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. BMO Capital Markets set a $62.00 price objective on shares of ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Mizuho assumed coverage on shares of ONEOK in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. ONEOK currently has an average rating of “Hold” and an average target price of $59.07.
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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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