IFM Investors Pty Ltd lifted its position in shares of ONEOK, Inc. (NYSE:OKE – Get Rating) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,001 shares of the utilities provider’s stock after buying an additional 2,653 shares during the period. IFM Investors Pty Ltd’s holdings in ONEOK were worth $7,049,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Corsicana & Co. increased its holdings in shares of ONEOK by 54.0% during the 2nd quarter. Corsicana & Co. now owns 770 shares of the utilities provider’s stock worth $43,000 after buying an additional 270 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of ONEOK by 172.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 10,941 shares of the utilities provider’s stock worth $606,000 after buying an additional 6,925 shares during the last quarter. Stokes Capital Advisors LLC increased its holdings in shares of ONEOK by 17.6% during the 2nd quarter. Stokes Capital Advisors LLC now owns 29,461 shares of the utilities provider’s stock worth $1,635,000 after buying an additional 4,413 shares during the last quarter. ACG Wealth acquired a new stake in shares of ONEOK during the 2nd quarter worth $28,000. Finally, Allworth Financial LP boosted its position in ONEOK by 19.0% during the 2nd quarter. Allworth Financial LP now owns 2,123 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 339 shares during the period. 66.82% of the stock is currently owned by institutional investors and hedge funds.
ONEOK Stock Performance
NYSE:OKE opened at $57.62 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.83 and a quick ratio of 0.62. ONEOK, Inc. has a 1-year low of $52.19 and a 1-year high of $75.07. The firm has a 50-day moving average of $61.12 and a two-hundred day moving average of $63.32. The stock has a market cap of $25.75 billion, a P/E ratio of 16.37, a PEG ratio of 2.09 and a beta of 1.68.
ONEOK Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a dividend of $0.935 per share. The ex-dividend date was Friday, July 29th. This represents a $3.74 annualized dividend and a dividend yield of 6.49%. ONEOK’s payout ratio is 106.25%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on OKE. Mizuho upped their price target on shares of ONEOK from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Morgan Stanley decreased their price target on shares of ONEOK from $81.00 to $74.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 20th. US Capital Advisors reaffirmed an “overweight” rating on shares of ONEOK in a research report on Wednesday, June 1st. Finally, Barclays decreased their price target on shares of ONEOK from $71.00 to $62.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.42.
ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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