ONEOK, Inc. (OKE) Holdings Raised by Advisor Partners LLC
Advisor Partners LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 25.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,085 shares of the utilities provider’s stock after purchasing an additional 2,067 shares during the period. Advisor Partners LLC owned about 2,630.14% of ONEOK worth $559,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of ONEOK by 17.3% during the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock worth $1,418,645,000 after buying an additional 4,002,795 shares in the last quarter. BlackRock Inc. increased its holdings in shares of ONEOK by 28.4% during the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock worth $1,252,605,000 after buying an additional 5,317,251 shares in the last quarter. State Street Corp increased its holdings in shares of ONEOK by 53.7% during the second quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock worth $908,434,000 after buying an additional 6,086,061 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of ONEOK by 6.1% during the second quarter. Neuberger Berman Group LLC now owns 9,098,662 shares of the utilities provider’s stock worth $474,586,000 after buying an additional 526,450 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ONEOK by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 6,825,358 shares of the utilities provider’s stock worth $356,012,000 after buying an additional 1,369,438 shares in the last quarter. Institutional investors own 52.51% of the company’s stock.
OKE has been the subject of a number of recent research reports. BidaskClub upgraded ONEOK from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG increased their price objective on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Mizuho initiated coverage on ONEOK in a report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price objective for the company. Barclays PLC initiated 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. Finally, Jefferies Group LLC restated 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.07.
ONEOK, Inc. (OKE) traded down $0.02 during mid-day trading on Thursday, hitting $53.08. 272,294 shares of the stock were exchanged, compared to its average volume of 2,312,734. The company has a market cap of $20,387.33, a PE ratio of 33.23, a PEG ratio of 3.41 and a beta of 1.29. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a one year low of $46.82 and a one year 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 Zacks’ consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period last year, the company earned $0.43 EPS. research analysts forecast that ONEOK, Inc. will post 1.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th will be given a dividend of $0.745 per share. The ex-dividend date is Friday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.61%. ONEOK’s dividend payout ratio (DPR) is presently 186.25%.
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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