ONEOK, Inc. (NYSE:OKE) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,686 shares of the utilities provider's stock after acquiring an additional 22,200 shares during the period. New York State Common Retirement Fund owned 0.06% of ONEOK worth $36,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of OKE. Mutual of America Capital Management LLC boosted its stake in shares of ONEOK by 3.1% in the first quarter. Mutual of America Capital Management LLC now owns 72,140 shares of the utilities provider's stock valued at $7,158,000 after buying an additional 2,166 shares in the last quarter. Platform Technology Partners purchased a new stake in shares of ONEOK during the 1st quarter worth $873,000. BankPlus Trust Department grew its stake in shares of ONEOK by 5.3% during the 1st quarter. BankPlus Trust Department now owns 25,859 shares of the utilities provider's stock worth $2,566,000 after purchasing an additional 1,307 shares during the period. Arizona State Retirement System lifted its stake in shares of ONEOK by 10.1% in the first quarter. Arizona State Retirement System now owns 186,812 shares of the utilities provider's stock valued at $18,535,000 after purchasing an additional 17,167 shares during the period. Finally, Fort Sheridan Advisors LLC boosted its holdings in ONEOK by 0.5% during the first quarter. Fort Sheridan Advisors LLC now owns 253,365 shares of the utilities provider's stock worth $25,139,000 after buying an additional 1,367 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 2.6%

Shares of OKE traded up $2.07 during trading hours on Thursday, hitting $81.24. The stock had a trading volume of 3,350,297 shares, compared to its average volume of 3,486,375. ONEOK, Inc. has a 12-month low of $75.48 and a 12-month high of $118.07. The firm has a market cap of $51.15 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. The company's fifty day simple moving average is $81.96 and its 200 day simple moving average is $90.46.

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

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Friday, August 1st. ONEOK's payout ratio is 80.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OKE shares. Wells Fargo & Company decreased their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Citigroup dropped their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Scotiabank set a $92.00 price objective on shares of ONEOK and gave the company a "sector outperform" rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, TD Cowen initiated coverage on ONEOK in a research report on Monday, July 7th. They set a "hold" rating and a $91.00 price objective for the company. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $103.07.

About ONEOK

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.