ONEOK, Inc. (NYSE:OKE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 75.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,335 shares of the utilities provider's stock after selling 191,253 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in ONEOK were worth $6,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of ONEOK during the fourth quarter worth $539,554,000. Wellington Management Group LLP raised its stake in shares of ONEOK by 433.4% during the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock valued at $422,373,000 after buying an additional 3,418,207 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of ONEOK by 240.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,790,760 shares of the utilities provider's stock valued at $280,194,000 after buying an additional 1,971,147 shares during the period. Raymond James Financial Inc. acquired a new position in shares of ONEOK in the 4th quarter valued at about $182,694,000. Finally, ClearBridge Investments Ltd purchased a new stake in shares of ONEOK in the fourth quarter worth about $177,045,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

Shares of NYSE OKE traded up $1.03 during trading on Wednesday, hitting $82.02. The company had a trading volume of 3,055,873 shares, compared to its average volume of 3,438,185. The firm has a market capitalization of $51.63 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.59 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 stock has a fifty day simple moving average of $82.50 and a two-hundred day simple moving average of $91.90. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

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). The firm had revenue of $6.49 billion for the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a return on equity of 15.58% and a net margin of 12.15%. During the same quarter last year, the firm posted $1.09 earnings per share. On average, research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Ratings Changes

OKE has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company cut their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Scotiabank lowered their price target on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 5th. Citigroup dropped their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Barclays cut their price objective on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $104.67.

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.