Andra AP fonden lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,200 shares of the utilities provider’s stock after selling 8,000 shares during the quarter. Andra AP fonden’s holdings in ONEOK were worth $1,729,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of OKE. FMR LLC grew its holdings in ONEOK by 11.3% during 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 grew its holdings in ONEOK by 3.4% during 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 grew its holdings in ONEOK by 4.3% during 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 grew its holdings in ONEOK by 1.8% during 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, Tudor Investment Corp ET AL bought a new stake in ONEOK during the 1st quarter worth about $280,000. 53.22% of the stock is currently owned by hedge funds and other institutional investors.
ONEOK, Inc. (NYSE OKE) opened at $52.40 on Monday. The stock has a market cap of $20,092.08, a PE ratio of 32.75, a PEG ratio of 3.79 and a beta of 1.29. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. ONEOK, Inc. has a one year low of $46.82 and a one year high of $59.47.
ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same quarter in the prior year, the business earned $0.43 earnings per share. sell-side analysts expect that ONEOK, Inc. will post 1.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, November 6th will be given a $0.745 dividend. The ex-dividend date is Friday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.69%. ONEOK’s dividend payout ratio is 186.25%.
OKE has been the topic of a number of research analyst reports. Barclays PLC initiated coverage on shares of ONEOK in a report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and set a $52.00 price objective (up previously from $51.00) on shares of ONEOK in a report on Friday, September 1st. Mizuho initiated coverage on shares of ONEOK in a report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price objective on the stock. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $58.00 price objective on shares of ONEOK in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. ONEOK currently has a consensus rating of “Hold” and an average price target of $59.07.
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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