Oregon Public Employees Retirement Fund Has $5.34 Million Stake in ONEOK, Inc. (NYSE:OKE)

Oregon Public Employees Retirement Fund boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,771 shares of the utilities provider's stock after acquiring an additional 3,730 shares during the period. Oregon Public Employees Retirement Fund's holdings in ONEOK were worth $5,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. Teacher Retirement System of Texas increased its holdings in ONEOK by 2,087.0% in the 1st quarter. Teacher Retirement System of Texas now owns 119,561 shares of the utilities provider's stock valued at $11,863,000 after buying an additional 114,094 shares during the period. First Horizon Advisors Inc. increased its stake in ONEOK by 41.5% in the first quarter. First Horizon Advisors Inc. now owns 4,490 shares of the utilities provider's stock valued at $446,000 after acquiring an additional 1,316 shares during the last quarter. Private Trust Co. NA raised its position in ONEOK by 15.9% during the first quarter. Private Trust Co. NA now owns 10,505 shares of the utilities provider's stock valued at $1,042,000 after purchasing an additional 1,444 shares in the last quarter. Arlington Trust Co LLC lifted its stake in ONEOK by 26.9% during the first quarter. Arlington Trust Co LLC now owns 973 shares of the utilities provider's stock worth $97,000 after purchasing an additional 206 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. lifted its stake in ONEOK by 20.0% during the first quarter. Yelin Lapidot Holdings Management Ltd. now owns 2,977 shares of the utilities provider's stock worth $295,000 after purchasing an additional 497 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Down 0.5%

NYSE OKE traded down $0.42 on Friday, reaching $81.73. The company had a trading volume of 1,757,598 shares, compared to its average volume of 3,438,956. The firm has a market cap of $51.45 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.61 and a beta of 0.93. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The business has a 50 day moving average of $82.36 and a two-hundred day moving average of $91.68. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $8.23 billion. During the same quarter last year, the business earned $1.09 earnings per share. Analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.04%. ONEOK's payout ratio is 80.47%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OKE shares. JPMorgan Chase & Co. lifted their price target on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday. Scotiabank decreased their target price on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 5th. Barclays lowered their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. Morgan Stanley lifted their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Citigroup lowered their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $104.08.

ONEOK Company 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.