Campbell & CO Investment Adviser LLC Takes $869,000 Position in ONEOK, Inc. (OKE)

Campbell & CO Investment Adviser LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,814 shares of the utilities provider’s stock, valued at approximately $869,000. ONEOK makes up approximately 0.6% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 16th biggest position.

Several other hedge funds have also made changes to their positions in OKE. BerganKDV Wealth Management LLC acquired a new stake in shares of ONEOK during the 2nd quarter worth about $117,000. JNBA Financial Advisors increased its position in shares of ONEOK by 827.4% during the 3rd quarter. JNBA Financial Advisors now owns 2,031 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,812 shares in the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of ONEOK during the 3rd quarter worth about $140,000. Rehmann Capital Advisory Group increased its position in shares of ONEOK by 205.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,442 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 1,643 shares in the last quarter. Finally, Cribstone Capital Management LLC increased its position in shares of ONEOK by 40.8% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,535 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 735 shares in the last quarter. Institutional investors own 73.45% of the company’s stock.

OKE opened at $61.36 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.32 and a beta of 0.91. ONEOK, Inc. has a 1-year low of $49.65 and a 1-year high of $71.99.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.31 billion. ONEOK had a net margin of 6.96% and a return on equity of 16.32%. During the same quarter last year, the company posted $0.43 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 2.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Monday, November 5th were given a $0.855 dividend. This represents a $3.42 annualized dividend and a yield of 5.57%. The ex-dividend date was Friday, November 2nd. This is a boost from ONEOK’s previous quarterly dividend of $0.83. ONEOK’s dividend payout ratio (DPR) is presently 194.32%.

A number of equities research analysts recently issued reports on OKE shares. Zacks Investment Research cut shares of ONEOK from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. increased their target price on shares of ONEOK from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Seaport Global Securities set a $73.00 target price on shares of ONEOK and gave the stock a “hold” rating in a research report on Friday, July 27th. Wells Fargo & Co increased their target price on shares of ONEOK from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, August 2nd. Finally, Bank of America increased their target price on shares of ONEOK from $70.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.31.

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About ONEOK

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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