Chevy Chase Trust Holdings LLC Has $32.36 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Chevy Chase Trust Holdings LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,174 shares of the utilities provider's stock after purchasing an additional 18,835 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of ONEOK worth $32,363,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OKE. Greenline Partners LLC acquired a new position in shares of ONEOK during the fourth quarter valued at about $32,000. Vermillion Wealth Management Inc. acquired a new position in ONEOK in the 4th quarter valued at approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK in the 4th quarter worth approximately $39,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $40,000. Finally, Rakuten Securities Inc. increased its position in shares of ONEOK by 152.1% during the first quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 254 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

NYSE:OKE traded up $1.11 during mid-day trading on Thursday, reaching $81.30. 3,332,090 shares of the company were exchanged, compared to its average volume of 3,417,607. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The stock has a market cap of $51.18 billion, a PE ratio of 15.88, a PEG ratio of 1.58 and a beta of 0.94. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The company has a fifty day moving average of $82.77 and a 200 day moving average of $92.62.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results 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 net margin of 12.15% and a return on equity of 15.58%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the company earned $1.09 earnings per share. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley raised their target price on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Citigroup decreased their target price 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. Stifel Nicolaus dropped their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Scotiabank decreased their price objective on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 5th. Finally, Barclays dropped their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.69.

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.