Dana Investment Advisors Inc. Raises Position in ONEOK, Inc. (OKE)
Dana Investment Advisors Inc. raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 360,308 shares of the utilities provider’s stock after purchasing an additional 2,208 shares during the quarter. Dana Investment Advisors Inc. owned 0.09% of ONEOK worth $19,439,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in OKE. Robeco Institutional Asset Management B.V. raised its holdings in ONEOK by 55.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,196 shares of the utilities provider’s stock valued at $4,488,000 after acquiring an additional 23,648 shares during the period. Victory Capital Management Inc. raised its holdings in ONEOK by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 259,549 shares of the utilities provider’s stock valued at $17,595,000 after acquiring an additional 47,234 shares during the period. Private Advisor Group LLC raised its holdings in ONEOK by 87.0% in the 3rd quarter. Private Advisor Group LLC now owns 19,108 shares of the utilities provider’s stock valued at $1,295,000 after acquiring an additional 8,892 shares during the period. Janney Montgomery Scott LLC raised its holdings in ONEOK by 8.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,280 shares of the utilities provider’s stock valued at $3,680,000 after acquiring an additional 4,257 shares during the period. Finally, Dupont Capital Management Corp bought a new position in ONEOK in the 3rd quarter valued at about $498,000. Institutional investors and hedge funds own 74.84% of the company’s stock.
Several research analysts have weighed in on the stock. UBS Group cut shares of ONEOK from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Tuesday, February 26th. Evercore ISI assumed coverage on shares of ONEOK in a report on Tuesday, February 5th. They issued a $68.00 price target on the stock. Mizuho set a $73.00 price target on shares of ONEOK and gave the company a “hold” rating in a report on Tuesday, February 26th. US Capital Advisors reaffirmed a “buy” rating on shares of ONEOK in a report on Wednesday, January 16th. Finally, SunTrust Banks started coverage on shares of ONEOK in a report on Friday, January 18th. They set a “buy” rating and a $72.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. ONEOK presently has an average rating of “Buy” and an average price target of $71.11.
ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). ONEOK had a return on equity of 17.10% and a net margin of 9.14%. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, equities analysts predict that ONEOK, Inc. will post 2.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, January 28th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 5.13%. This is a boost from ONEOK’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, January 25th. ONEOK’s dividend payout ratio (DPR) is 123.74%.
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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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