ONEOK, Inc. (OKE) Position Held by Motco
Motco held its stake in shares of ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the utilities provider’s stock at the end of the second quarter. Motco’s holdings in ONEOK were worth $104,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Huntington National Bank increased its stake in shares of ONEOK by 33.7% in the first quarter. Huntington National Bank now owns 2,196 shares of the utilities provider’s stock worth $122,000 after buying an additional 554 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of ONEOK by 2.1% in the first quarter. Retirement Systems of Alabama now owns 101,876 shares of the utilities provider’s stock worth $5,648,000 after buying an additional 2,095 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of ONEOK by 27.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,982 shares of the utilities provider’s stock worth $997,000 after buying an additional 3,862 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of ONEOK by 5.4% in the first quarter. Nationwide Fund Advisors now owns 60,542 shares of the utilities provider’s stock worth $3,356,000 after buying an additional 3,127 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of ONEOK by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,614 shares of the utilities provider’s stock worth $291,000 after buying an additional 309 shares during the last quarter. 51.23% of the stock is owned by institutional investors.
Shares of ONEOK, Inc. (OKE) opened at 53.22 on Wednesday. The firm’s 50-day moving average price is $53.33 and its 200 day moving average price is $52.81. The firm has a market cap of $20.22 billion, a P/E ratio of 33.35 and a beta of 1.31. ONEOK, Inc. has a 12-month low of $45.41 and a 12-month high of $59.47.
ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by $0.12. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company earned $0.40 EPS. On average, equities analysts expect that ONEOK, Inc. will post $1.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.745 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.98 annualized dividend and a yield of 5.60%. This is a positive change from ONEOK’s previous quarterly dividend of $0.62. ONEOK’s dividend payout ratio is presently 186.25%.
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A number of equities research analysts have weighed in on OKE shares. Royal Bank Of Canada reissued a “hold” rating and issued a $58.00 price target on shares of ONEOK in a report on Friday, May 12th. UBS AG raised shares of ONEOK from a “neutral” rating to a “buy” rating and upped their price target for the company from $56.00 to $59.00 in a report on Wednesday, June 14th. Jefferies Group LLC set a $51.00 price target on shares of ONEOK and gave the company a “hold” rating in a report on Friday, June 16th. Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, June 21st. Finally, Stifel Nicolaus started coverage on shares of ONEOK in a report on Monday, June 26th. They issued a “hold” rating and a $48.00 price target for the company. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.46.
In other ONEOK news, Director Eduardo A. Rodriguez sold 2,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $50.34, for a total value of $100,680.00. Following the transaction, the director now owns 18,125 shares in the company, valued at $912,412.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
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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