ONEOK, Inc. (OKE) Holdings Lifted by First National Trust Co.
First National Trust Co. boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 83.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,548 shares of the utilities provider’s stock after acquiring an additional 23,889 shares during the period. First National Trust Co.’s holdings in ONEOK were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of OKE. FMR LLC lifted its holdings in ONEOK by 11.3% during the first quarter. FMR LLC now owns 116,387 shares of the utilities provider’s stock worth $6,452,000 after acquiring an additional 11,822 shares in the last quarter. Teachers Advisors LLC lifted its holdings in ONEOK by 3.4% during the first quarter. Teachers Advisors LLC now owns 301,399 shares of the utilities provider’s stock worth $16,710,000 after acquiring an additional 9,820 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in ONEOK by 4.3% during the first quarter. Thrivent Financial For Lutherans now owns 8,060 shares of the utilities provider’s stock worth $447,000 after acquiring an additional 330 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ONEOK by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 899,251 shares of the utilities provider’s stock worth $49,850,000 after acquiring an additional 16,026 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in ONEOK during the first quarter worth about $280,000. Hedge funds and other institutional investors own 53.22% of the company’s stock.
ONEOK, Inc. (NYSE OKE) traded down $0.59 during trading hours on Monday, hitting $52.40. The company had a trading volume of 2,438,400 shares, compared to its average volume of 3,296,294. The firm has a market capitalization of $20,070.00, a P/E ratio of 32.75, a P/E/G ratio of 3.79 and a beta of 1.30. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a twelve month low of $46.82 and a twelve month high of $59.47.
ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period last year, the firm earned $0.43 EPS. research analysts anticipate that ONEOK, Inc. will post 1.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date is Friday, November 3rd. ONEOK’s dividend payout ratio (DPR) is presently 186.25%.
Several research analysts have weighed in on OKE shares. J P Morgan Chase & Co reiterated a “neutral” rating and set a $58.00 target price on shares of ONEOK in a report on Monday, September 11th. Zacks Investment Research raised ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research note on Tuesday, October 17th. Argus reissued a “buy” rating and issued a $59.00 price target (up previously from $55.00) on shares of ONEOK in a research note on Thursday, August 24th. Credit Suisse Group dropped their price target on ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Finally, BMO Capital Markets set a $62.00 price target on ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $59.07.
ONEOK Company 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.
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