Teachers Retirement System of The State of Kentucky lifted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 78.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 584,790 shares of the utilities provider's stock after purchasing an additional 257,550 shares during the quarter. ONEOK accounts for 0.5% of Teachers Retirement System of The State of Kentucky's investment portfolio, making the stock its 25th largest holding. Teachers Retirement System of The State of Kentucky owned 0.09% of ONEOK worth $58,023,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Greenline Partners LLC bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $32,000. First Pacific Financial bought a new stake in shares of ONEOK during the 1st quarter worth approximately $34,000. Vermillion Wealth Management Inc. purchased a new position in ONEOK during the 4th quarter worth $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK in the 4th quarter valued at $39,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in ONEOK during the 1st quarter worth about $39,000. Institutional investors own 69.13% of the company's stock.
ONEOK Stock Performance
NYSE OKE traded up $0.84 during trading hours on Wednesday, hitting $81.58. The company had a trading volume of 1,143,645 shares, compared to its average volume of 3,484,099. The company has a market cap of $51.36 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07. The business has a 50 day moving average of $81.97 and a 200-day moving average of $90.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67.
ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the firm earned $1.09 earnings per share. As a group, equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.
ONEOK Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.05%. ONEOK's dividend payout ratio (DPR) is currently 80.47%.
Analyst Upgrades and Downgrades
OKE has been the subject of several research reports. Scotiabank set a $92.00 price objective on ONEOK and gave the stock a "sector outperform" rating in a research note on Tuesday, July 15th. TD Cowen began coverage on ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price target on the stock. Barclays cut their price objective on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Morgan Stanley raised their price objective on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.53.
Check Out Our Latest Analysis on ONEOK
About ONEOK
(
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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