Asset Management One Co. Ltd. Increases Position in ONEOK, Inc. (OKE)
Asset Management One Co. Ltd. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 441.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,565 shares of the company’s stock after buying an additional 320,102 shares during the period. Asset Management One Co. Ltd. owned about 0.19% of ONEOK worth $22,569,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of OKE. Catalyst Capital Advisors LLC raised its stake in shares of ONEOK by 18.9% in the second quarter. Catalyst Capital Advisors LLC now owns 48,831 shares of the company’s stock valued at $2,317,000 after buying an additional 7,758 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of ONEOK by 6.2% in the second quarter. BlackRock Fund Advisors now owns 11,605,034 shares of the company’s stock valued at $550,659,000 after buying an additional 677,055 shares during the last quarter. Trust Investment Advisors raised its stake in shares of ONEOK by 3.6% in the second quarter. Trust Investment Advisors now owns 40,450 shares of the company’s stock valued at $1,919,000 after buying an additional 1,400 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of ONEOK by 1.2% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 17,129 shares of the company’s stock valued at $813,000 after buying an additional 202 shares during the last quarter. Finally, Hanlon Investment Management Inc. purchased a new stake in shares of ONEOK during the second quarter valued at about $10,464,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.
ONEOK, Inc. (NYSE:OKE) traded down 1.05% during trading on Friday, reaching $53.46. The company had a trading volume of 756,362 shares. ONEOK, Inc. has a one year low of $19.94 and a one year high of $59.47. The firm has a market capitalization of $11.25 billion, a P/E ratio of 39.48 and a beta of 1.19. The firm’s 50-day moving average price is $56.00 and its 200 day moving average price is $51.72.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Monday, January 30th were paid a $0.615 dividend. The ex-dividend date of this dividend was Thursday, January 26th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.55%. ONEOK’s dividend payout ratio (DPR) is currently 182.22%.
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Several analysts have issued reports on the company. RBC Capital Markets restated a “hold” rating and issued a $58.00 target price on shares of ONEOK in a research note on Friday, January 6th. Zacks Investment Research lowered ONEOK from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 3rd. Jefferies Group LLC lowered ONEOK from a “hold” rating to an “underperform” rating and set a $46.00 target price on the stock. in a research note on Thursday, January 12th. Barclays PLC lowered ONEOK from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $58.00 in a research note on Tuesday, December 13th. Finally, Piper Jaffray Companies upgraded ONEOK to a “buy” rating and set a $63.00 target price on the stock in a research note on Saturday, February 4th. Two analysts have 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. The stock presently has an average rating of “Hold” and a consensus target price of $50.25.
ONEOK Company Profile
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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