ONEOK, Inc. (NYSE:OKE) Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in ONEOK, Inc. by 228.2% in the first quarter, acquiring an additional 49,694 shares, bringing its total holdings to 71,466 shares valued at approximately $7.09 million.
• ONEOK recently reported an EPS of $1.04 for the quarter, missing estimates by $0.24, and had revenues of $6.49 billion compared to expectations of $8.23 billion.
• The company announced a quarterly dividend of $1.03 per share, representing a yield of 5.03%, with the next payout scheduled for August 14th.

XTX Topco Ltd raised its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 228.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 71,466 shares of the utilities provider's stock after acquiring an additional 49,694 shares during the period. ONEOK makes up 0.4% of XTX Topco Ltd's investment portfolio, making the stock its 17th largest holding. XTX Topco Ltd's holdings in ONEOK were worth $7,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in ONEOK by 433.4% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD grew 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 worth $280,194,000 after acquiring an additional 1,971,147 shares during the period. GAMMA Investing LLC increased its stake in ONEOK by 9,596.3% in the 1st quarter. GAMMA Investing LLC now owns 1,189,251 shares of the utilities provider's stock valued at $117,997,000 after purchasing an additional 1,176,986 shares in the last quarter. Northern Trust Corp increased its stake in ONEOK by 15.2% in the 4th quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider's stock valued at $656,200,000 after purchasing an additional 864,392 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in ONEOK by 52.1% during the fourth quarter. California State Teachers Retirement System now owns 2,182,296 shares of the utilities provider's stock worth $219,103,000 after purchasing an additional 747,824 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OKE shares. Stifel Nicolaus dropped 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 dropped 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. Raymond James Financial reaffirmed an "outperform" rating on shares of ONEOK in a report on Friday. TD Cowen assumed coverage on shares of ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price objective for the company. Finally, Royal Bank Of Canada reduced their target price on ONEOK from $100.00 to $94.00 and set a "sector perform" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $104.57.

ONEOK Trading Down 3.8%

NYSE:OKE traded down $3.09 on Friday, hitting $79.02. 3,671,180 shares of the stock were exchanged, compared to its average volume of 3,960,951. The stock has a fifty day moving average of $81.46 and a 200-day moving average of $88.95. The stock has a market cap of $49.75 billion, a PE ratio of 15.43, a PEG ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a fifty-two week low of $75.47 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last posted 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 business had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.2%. ONEOK's dividend payout ratio (DPR) is 80.47%.

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.