TD Asset Management Inc lifted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,269 shares of the utilities provider's stock after purchasing an additional 15,769 shares during the quarter. TD Asset Management Inc's holdings in ONEOK were worth $24,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of OKE. Brighton Jones LLC raised its position in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock worth $1,534,000 after purchasing an additional 8,834 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in ONEOK by 5,046.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 9,469 shares of the utilities provider's stock worth $951,000 after buying an additional 9,285 shares in the last quarter. Schroder Investment Management Group increased its holdings in ONEOK by 3.5% in the 4th quarter. Schroder Investment Management Group now owns 117,842 shares of the utilities provider's stock worth $11,876,000 after buying an additional 3,947 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in ONEOK by 19.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 71,355 shares of the utilities provider's stock worth $7,164,000 after buying an additional 11,506 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in ONEOK by 433.4% in the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock worth $422,373,000 after buying an additional 3,418,207 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.
ONEOK Stock Performance
Shares of NYSE:OKE traded down $0.07 during mid-day trading on Thursday, reaching $82.12. 4,207,929 shares of the company traded hands, compared to its average volume of 2,967,718. The company's 50 day moving average price is $81.46 and its 200-day moving average price is $88.95. The firm has a market cap of $51.70 billion, a PE ratio of 16.04, a PEG ratio of 1.95 and a beta of 0.93. 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, Inc. has a 52 week low of $75.47 and a 52 week high of $118.07.
ONEOK (NYSE:OKE - Get Free Report) last announced 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 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 quarter last year, the firm posted $1.09 earnings per share. On average, equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.
ONEOK Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 1st will be issued a $1.03 dividend. 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 5.0%. ONEOK's payout ratio is currently 80.47%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on OKE shares. Wells Fargo & Company reduced their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Raymond James Financial reduced their price objective on ONEOK from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. TD Cowen assumed coverage on ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price target for the company. Finally, Citigroup cut their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.86.
Get Our Latest Stock Analysis on OKE
ONEOK Profile
(
Free Report)
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.
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