782 Shares in ONEOK, Inc. (NYSE:OKE) Bought by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 782 shares of the utilities provider’s stock, valued at approximately $40,000.

Several other large investors also recently modified their holdings of OKE. Norges Bank acquired a new stake in shares of ONEOK during the fourth quarter worth $134,188,000. BlackRock Inc. increased its stake in ONEOK by 6.7% in the 1st quarter. BlackRock Inc. now owns 41,319,634 shares of the utilities provider’s stock valued at $2,093,250,000 after buying an additional 2,586,794 shares during the last quarter. Morgan Stanley increased its stake in ONEOK by 117.2% in the 4th quarter. Morgan Stanley now owns 4,179,095 shares of the utilities provider’s stock valued at $160,393,000 after buying an additional 2,254,847 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in ONEOK by 182.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,054,244 shares of the utilities provider’s stock valued at $78,841,000 after buying an additional 1,327,940 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in ONEOK by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,448,630 shares of the utilities provider’s stock valued at $247,499,000 after buying an additional 641,346 shares during the last quarter. Institutional investors and hedge funds own 63.97% of the company’s stock.

Shares of OKE stock opened at $54.78 on Friday. The company has a market cap of $24.41 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 2.70 and a beta of 2.01. The company has a quick ratio of 0.72, a current ratio of 0.98 and a debt-to-equity ratio of 2.24. The business’s 50-day moving average is $52.64. ONEOK, Inc. has a 52 week low of $23.28 and a 52 week high of $56.18.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 27th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.53 billion. ONEOK had a net margin of 11.88% and a return on equity of 18.61%. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 3.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 14th. Shareholders of record on Monday, April 26th were issued a $0.935 dividend. This represents a $3.74 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Friday, April 23rd. ONEOK’s dividend payout ratio is currently 263.38%.

Several equities research analysts have issued reports on OKE shares. Wells Fargo & Company lifted their price target on shares of ONEOK from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, May 13th. Credit Suisse Group lifted their price target on shares of ONEOK from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, May 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of ONEOK from $49.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday. Citigroup boosted their price objective on shares of ONEOK from $49.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of ONEOK from $49.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. ONEOK has a consensus rating of “Hold” and a consensus price target of $44.59.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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