ONEOK, Inc. (NYSE:OKE) Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,647 shares of the utilities provider's stock after buying an additional 11,800 shares during the quarter. KLP Kapitalforvaltning AS's holdings in ONEOK were worth $23,381,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fractal Investments LLC increased its holdings in ONEOK by 90.2% during the first quarter. Fractal Investments LLC now owns 426,290 shares of the utilities provider's stock valued at $42,296,000 after buying an additional 202,214 shares during the period. Ignite Planners LLC increased its holdings in ONEOK by 318.3% during the first quarter. Ignite Planners LLC now owns 11,195 shares of the utilities provider's stock valued at $1,111,000 after buying an additional 8,519 shares during the period. Kayne Anderson Capital Advisors LP increased its holdings in ONEOK by 8.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,787,580 shares of the utilities provider's stock valued at $276,584,000 after buying an additional 223,823 shares during the period. Crestwood Advisors Group LLC increased its holdings in ONEOK by 4.3% during the first quarter. Crestwood Advisors Group LLC now owns 8,399 shares of the utilities provider's stock valued at $833,000 after buying an additional 349 shares during the period. Finally, Peregrine Asset Advisers Inc. increased its holdings in ONEOK by 51.5% during the first quarter. Peregrine Asset Advisers Inc. now owns 55,440 shares of the utilities provider's stock valued at $5,501,000 after buying an additional 18,849 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OKE. TD Cowen began coverage on shares of ONEOK in a report on Monday, July 7th. They set a "hold" rating and a $91.00 price objective on the stock. Raymond James Financial cut their price target on shares of ONEOK from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday. Scotiabank set a $92.00 price target on shares of ONEOK and gave the stock a "sector outperform" rating in a report on Tuesday, July 15th. Stifel Nicolaus cut their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup cut their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $103.53.

ONEOK Stock Performance

Shares of NYSE:OKE traded down $0.44 on Friday, hitting $81.57. 3,123,483 shares of the company were exchanged, compared to its average volume of 3,026,677. ONEOK, Inc. has a 1-year low of $75.47 and a 1-year high of $118.07. The stock's 50 day moving average price is $81.50 and its 200 day moving average price is $89.42. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $51.35 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 1st will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a yield of 5.05%. ONEOK's dividend payout ratio is presently 80.47%.

ONEOK Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.