USS Investment Management Ltd raised its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,635 shares of the utilities provider's stock after purchasing an additional 35,483 shares during the period. USS Investment Management Ltd's holdings in ONEOK were worth $20,548,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of ONEOK by 16.1% during the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider's stock valued at $172,131,000 after buying an additional 262,486 shares during the period. Park Avenue Securities LLC lifted its stake in shares of ONEOK by 10.3% during the fourth quarter. Park Avenue Securities LLC now owns 7,602 shares of the utilities provider's stock valued at $763,000 after buying an additional 709 shares during the period. Ritholtz Wealth Management lifted its stake in shares of ONEOK by 4.7% during the fourth quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider's stock valued at $237,000 after buying an additional 106 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of ONEOK by 8.6% during the fourth quarter. Arkadios Wealth Advisors now owns 3,599 shares of the utilities provider's stock valued at $361,000 after buying an additional 284 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in shares of ONEOK by 37.0% during the fourth quarter. Diversify Advisory Services LLC now owns 5,548 shares of the utilities provider's stock valued at $565,000 after buying an additional 1,497 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.
ONEOK Stock Down 0.3%
ONEOK stock traded down $0.24 during trading on Friday, reaching $81.13. 2,115,540 shares of the company's stock were exchanged, compared to its average volume of 3,275,178. The company's 50-day moving average is $87.26 and its two-hundred day moving average is $97.22. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The firm has a market cap of $50.68 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.77 and a beta of 1.01.
ONEOK (NYSE:OKE - Get Free Report) last announced 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 16.84% and a net margin of 14.05%. The business had revenue of $6.49 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the company posted $1.09 earnings per share. On average, analysts predict 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. Shareholders of record on Monday, May 5th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.08%. ONEOK's payout ratio is currently 80.47%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on OKE. Barclays reduced their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus reduced their price objective on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Citigroup reduced their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. 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. According to MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and an average price target of $104.69.
Read Our Latest Stock Report 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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