Campbell & CO Investment Adviser LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,814 shares of the utilities provider’s stock, valued at approximately $869,000. ONEOK comprises about 0.6% of Campbell & CO Investment Adviser LLC’s portfolio, making the stock its 16th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC bought a new position in ONEOK during the 2nd quarter worth approximately $117,000. JNBA Financial Advisors boosted its stake in ONEOK by 827.4% during the 3rd quarter. JNBA Financial Advisors now owns 2,031 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,812 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in ONEOK during the 3rd quarter worth approximately $140,000. Rehmann Capital Advisory Group boosted its stake in ONEOK by 205.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,442 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Palo Capital Inc. bought a new position in ONEOK during the 3rd quarter worth approximately $175,000. 73.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of OKE opened at $61.36 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 0.74. ONEOK, Inc. has a twelve month low of $49.65 and a twelve month high of $71.99. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.32 and a beta of 0.91.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.04. ONEOK had a net margin of 6.96% and a return on equity of 16.32%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts anticipate that ONEOK, Inc. will post 2.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Monday, November 5th were paid a $0.855 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $3.42 dividend on an annualized basis and a yield of 5.57%. This is a positive change from ONEOK’s previous quarterly dividend of $0.83. ONEOK’s payout ratio is presently 194.32%.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, October 19th. JPMorgan Chase & Co. lifted their price objective on shares of ONEOK from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Seaport Global Securities raised shares of ONEOK from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, October 19th. Wells Fargo & Co lifted their price target on shares of ONEOK from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Tuesday, October 16th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $70.31.

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ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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