Swiss National Bank Sells 52,200 Shares of ONEOK, Inc. (NYSE:OKE)

Swiss National Bank lessened its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,821,388 shares of the utilities provider's stock after selling 52,200 shares during the period. Swiss National Bank owned about 0.31% of ONEOK worth $127,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of OKE. Regal Investment Advisors LLC boosted its position in ONEOK by 3.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 4,631 shares of the utilities provider's stock valued at $294,000 after buying an additional 159 shares during the period. Hoxton Planning & Management LLC grew its stake in ONEOK by 5.0% during the 3rd quarter. Hoxton Planning & Management LLC now owns 3,594 shares of the utilities provider's stock worth $228,000 after purchasing an additional 170 shares in the last quarter. Monarch Capital Management Inc. increased its holdings in ONEOK by 1.2% during the 4th quarter. Monarch Capital Management Inc. now owns 15,573 shares of the utilities provider's stock worth $1,094,000 after purchasing an additional 183 shares during the period. Arlington Trust Co LLC raised its position in ONEOK by 27.9% in the 4th quarter. Arlington Trust Co LLC now owns 838 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 183 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of ONEOK by 0.3% in the 3rd quarter. Wealthfront Advisers LLC now owns 70,574 shares of the utilities provider's stock valued at $4,477,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

Insider Activity at ONEOK

In other ONEOK news, Director Wayne Thomas Smith acquired 2,700 shares of the firm's stock in a transaction on Friday, March 1st. The stock was bought at an average cost of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the purchase, the director now directly owns 2,700 shares in the company, valued at $203,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

ONEOK Stock Performance

ONEOK stock traded up $0.28 during midday trading on Friday, hitting $77.23. 2,235,558 shares of the company's stock were exchanged, compared to its average volume of 2,820,855. ONEOK, Inc. has a 12-month low of $55.91 and a 12-month high of $81.81. The stock has a market cap of $45.08 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 4.11 and a beta of 1.64. The firm's 50 day simple moving average is $78.34 and its 200 day simple moving average is $72.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.67 and a current ratio of 0.70.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same period last year, the company earned $2.34 earnings per share. Equities research analysts predict that ONEOK, Inc. will post 4.96 EPS for the current year.

ONEOK declared that its board has initiated a share repurchase program on Wednesday, January 17th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the utilities provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 5.13%. ONEOK's dividend payout ratio is currently 92.09%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OKE. Mizuho raised their target price on shares of ONEOK from $75.00 to $81.00 and gave the company a "neutral" rating in a report on Wednesday, March 20th. Citigroup boosted their target price on shares of ONEOK from $73.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Wolfe Research upgraded ONEOK from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 10th. Raymond James increased their price objective on ONEOK from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, January 19th. Finally, US Capital Advisors cut ONEOK from an "overweight" rating to a "hold" rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, ONEOK presently has an average rating of "Hold" and an average price target of $83.58.

ONEOK Profile

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.