Chevy Chase Trust Holdings Inc. Sells 3,889 Shares of Oneok Inc. (OKE)
Chevy Chase Trust Holdings Inc. lowered its position in shares of Oneok Inc. (NYSE:OKE) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 182,194 shares of the company’s stock after selling 3,889 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Oneok worth $9,363,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Washington Trust Bank boosted its stake in shares of Oneok by 0.6% in the third quarter. Washington Trust Bank now owns 2,007 shares of the company’s stock worth $103,000 after buying an additional 11 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Oneok during the second quarter worth approximately $123,000. Baker Ellis Asset Management LLC bought a new stake in shares of Oneok during the second quarter worth approximately $133,000. WFG Advisors LP boosted its stake in shares of Oneok by 3.1% in the second quarter. WFG Advisors LP now owns 2,947 shares of the company’s stock worth $140,000 after buying an additional 88 shares during the period. Finally, Euclid Advisors LLC bought a new stake in shares of Oneok during the second quarter worth approximately $149,000. Hedge funds and other institutional investors own 71.32% of the company’s stock.
Shares of Oneok Inc. (NYSE:OKE) traded down 1.73% during trading on Monday, reaching $52.82. 1,193,018 shares of the company were exchanged. The stock has a 50-day moving average of $49.70 and a 200 day moving average of $47.11. The stock has a market capitalization of $11.12 billion, a P/E ratio of 39.01 and a beta of 1.06. Oneok Inc. has a 52-week low of $18.84 and a 52-week high of $54.50.
Oneok (NYSE:OKE) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.02. Oneok had a net margin of 3.50% and a return on equity of 9.99%. During the same quarter last year, the firm posted $0.39 earnings per share. On average, equities analysts anticipate that Oneok Inc. will post $1.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 31st were given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Thursday, October 27th. Oneok’s dividend payout ratio (DPR) is currently 182.22%.
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Several equities research analysts have recently issued reports on the company. Jefferies Group restated a “hold” rating on shares of Oneok in a report on Wednesday, August 3rd. Deutsche Bank AG upgraded Oneok from a “sell” rating to a “hold” rating and raised their price objective for the stock from $49.00 to $52.00 in a report on Monday, October 10th. Zacks Investment Research cut Oneok from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Royal Bank Of Canada raised their price objective on Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 16th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $46.00 price objective (up previously from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Fourteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Oneok presently has a consensus rating of “Hold” and a consensus price target of $41.00.
ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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