Commerzbank Aktiengesellschaft FI Buys New Stake in ONEOK, Inc. (OKE)
Commerzbank Aktiengesellschaft FI acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,918 shares of the utilities provider’s stock, valued at approximately $217,000.
Other large investors have also recently bought and sold shares of the company. Ropes Wealth Advisors LLC acquired a new position in shares of ONEOK in the second quarter valued at approximately $103,000. Winslow Evans & Crocker Inc. raised its position in shares of ONEOK by 462.9% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. raised its position in shares of ONEOK by 229.8% in the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp raised its position in shares of ONEOK by 332.8% in the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,744 shares during the last quarter. Finally, Sun Life Financial INC raised its position in shares of ONEOK by 82.1% in the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,261 shares during the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.
ONEOK, Inc. (NYSE OKE) remained flat at $$53.40 on Wednesday. The company had a trading volume of 2,427,700 shares, compared to its average volume of 3,217,475. 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 fifty-two week low of $47.14 and a fifty-two week high of $59.47. The company has a market capitalization of $20,475.52, a PE ratio of 33.38, a P/E/G ratio of 3.42 and a beta of 1.26.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.98 annualized dividend and a yield of 5.58%. ONEOK’s dividend payout ratio is currently 186.25%.
In other ONEOK news, Director Brian L. Derksen acquired 1,800 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
A number of research firms recently issued reports on OKE. BidaskClub downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday. Argus restated a “buy” rating and issued a $59.00 target price (up from $55.00) on shares of ONEOK in a report on Thursday, August 24th. BMO Capital Markets set a $62.00 target price on shares of ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $55.00 target price on shares of ONEOK in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.07.
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ONEOK Company Profile
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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