IBM Retirement Fund bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,310 shares of the utilities provider’s stock, valued at approximately $567,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Asset Management LLC TN purchased a new position in shares of ONEOK during the 2nd quarter worth $103,000. Ropes Wealth Advisors LLC purchased a new position in shares of ONEOK during the 2nd quarter worth $103,000. Smithfield Trust Co. raised its holdings in shares of ONEOK by 107.7% during the 2nd quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,034 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in shares of ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 1,620 shares during the period. Finally, Mercer Capital Advisers Inc. raised its holdings in shares of ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 1,379 shares during the period. 53.22% of the stock is currently owned by institutional investors.

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Shares of ONEOK, Inc. (NYSE:OKE) traded down $0.55 on Thursday, reaching $50.83. 2,611,400 shares of the company traded hands, compared to its average volume of 3,287,157. The stock has a market cap of $19,700.98, a price-to-earnings ratio of 32.11, a P/E/G ratio of 3.71 and a beta of 1.29. ONEOK, Inc. has a 12-month low of $47.14 and a 12-month high of $59.47. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same quarter last year, the firm posted $0.43 earnings per share. research analysts anticipate that ONEOK, Inc. will post 1.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 5.86%. The ex-dividend date was Friday, November 3rd. ONEOK’s dividend payout ratio is currently 186.25%.

OKE has been the topic of several analyst reports. J P Morgan Chase & Co reiterated a “neutral” rating and set a $58.00 price target on shares of ONEOK in a report on Monday, September 11th. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Tuesday, October 17th. Argus reiterated a “buy” rating and set a $59.00 price target (up previously from $55.00) on shares of ONEOK in a report on Thursday, August 24th. Credit Suisse Group reduced their price target on ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $62.00 price target on ONEOK and gave the stock a “buy” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.07.

ONEOK Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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