Ingalls & Snyder LLC cut its position in shares of ONEOK, Inc. (NYSE:OKE – Get Rating) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,030 shares of the utilities provider’s stock after selling 1,200 shares during the period. Ingalls & Snyder LLC’s holdings in ONEOK were worth $4,350,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. increased its holdings in shares of ONEOK by 34.9% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 349,416 shares of the utilities provider’s stock worth $20,532,000 after acquiring an additional 90,402 shares in the last quarter. AGF Investments Inc. increased its stake in ONEOK by 9.9% during the 3rd quarter. AGF Investments Inc. now owns 98,521 shares of the utilities provider’s stock worth $5,713,000 after acquiring an additional 8,856 shares during the period. Column Capital Advisors LLC increased its stake in shares of ONEOK by 720.2% in the 4th quarter. Column Capital Advisors LLC now owns 1,017 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 893 shares during the last quarter. Ibex Wealth Advisors lifted its holdings in ONEOK by 2.5% during the 3rd quarter. Ibex Wealth Advisors now owns 111,644 shares of the utilities provider’s stock worth $6,474,000 after buying an additional 2,730 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of ONEOK by 4.6% in the 3rd quarter. Alliancebernstein L.P. now owns 673,095 shares of the utilities provider’s stock worth $39,033,000 after acquiring an additional 29,897 shares in the last quarter. 65.46% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on OKE shares. Credit Suisse Group boosted their price objective on ONEOK from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, March 15th. StockNews.com initiated coverage on shares of ONEOK in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company increased their target price on ONEOK from $66.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 8th. Mizuho increased their target price on shares of ONEOK from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Wednesday, March 2nd. Finally, Bank of America decreased their target price on shares of ONEOK from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Tuesday, January 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.14.
Shares of NYSE:OKE traded up $1.38 during trading on Tuesday, reaching $66.57. The company had a trading volume of 2,398,658 shares, compared to its average volume of 2,869,080. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.75. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.55. The stock’s fifty day moving average price is $67.98 and its 200 day moving average price is $64.03. ONEOK, Inc. has a fifty-two week low of $48.51 and a fifty-two week high of $75.07.
ONEOK (NYSE:OKE – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). ONEOK had a return on equity of 25.33% and a net margin of 8.01%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5 billion. During the same period in the prior year, the company earned $0.86 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 3.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Monday, May 2nd were paid a $0.935 dividend. The ex-dividend date was Friday, April 29th. This represents a $3.74 annualized dividend and a yield of 5.62%. ONEOK’s payout ratio is currently 110.98%.
ONEOK Profile (Get Rating)
ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
- Get a free copy of the StockNews.com research report on ONEOK (OKE)
- The Institutions Are Capping Gains In Take-Two Interactive
- Walmart’s “Everyday Low Prices” Gets Burned By Inflation
- VMWare Inc: Strong Revenues and Excellent Potential
- Time to Ride These 3 Mid Cap Momentum Plays
- Beware The Rebound In Home Depot
Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.