Sei Investments Co. increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 39.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,621 shares of the utilities provider’s stock after buying an additional 57,299 shares during the period. Sei Investments Co. owned about 0.05% of ONEOK worth $11,172,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in OKE. FMR LLC boosted its holdings in ONEOK by 11.3% in the first quarter. FMR LLC now owns 116,387 shares of the utilities provider’s stock valued at $6,452,000 after purchasing an additional 11,822 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in ONEOK by 4.3% in the first quarter. Thrivent Financial For Lutherans now owns 8,060 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 330 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in ONEOK in the first quarter valued at approximately $280,000. Mn Services Vermogensbeheer B.V. boosted its holdings in ONEOK by 509.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 34,199 shares of the utilities provider’s stock valued at $1,784,000 after purchasing an additional 28,585 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in ONEOK by 9.5% in the second quarter. LS Investment Advisors LLC now owns 8,670 shares of the utilities provider’s stock valued at $452,000 after purchasing an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 53.22% of the company’s stock.
ONEOK, Inc. (OKE) opened at $50.67 on Friday. The stock has a market capitalization of $19,428.75, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 3.66 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 52-week low of $47.14 and a 52-week high of $59.47.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (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 analysts’ expectations of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same quarter in the previous year, the company posted $0.43 EPS. equities analysts expect that ONEOK, Inc. will post 1.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend was Friday, November 3rd. ONEOK’s payout ratio is 186.25%.
OKE has been the subject of a number of research analyst reports. Credit Suisse Group lowered their price target on ONEOK from $64.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. BidaskClub raised ONEOK from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Argus reissued a “buy” rating and issued a $59.00 price objective (up from $55.00) on shares of ONEOK in a report on Thursday, August 24th. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price objective (up from $51.00) on shares of ONEOK in a report on Friday, September 1st. Finally, Barclays PLC started coverage on ONEOK in a report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. ONEOK currently has an average rating of “Hold” and an average target price of $59.07.
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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