ONEOK, Inc. (OKE) Shares Bought by Norinchukin Bank The
Norinchukin Bank The raised its stake in ONEOK, Inc. (NYSE:OKE) by 27.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,077 shares of the utilities provider’s stock after purchasing an additional 6,621 shares during the quarter. Norinchukin Bank The’s holdings in ONEOK were worth $1,722,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ropes Wealth Advisors LLC acquired a new position in shares of ONEOK during the 2nd quarter valued at $103,000. Winslow Evans & Crocker Inc. lifted 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 valued at $109,000 after acquiring an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. lifted 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 valued at $110,000 after acquiring an additional 1,379 shares in the last quarter. Smithfield Trust Co. lifted 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 valued at $104,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Enterprise Financial Services Corp lifted its holdings in shares of ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,744 shares in the last quarter. Institutional investors own 57.79% of the company’s stock.
In other news, Director Brian L. Derksen acquired 1,800 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $51.00 per share, for a total transaction of $91,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.
ONEOK, Inc. (NYSE OKE) opened at $51.04 on Friday. ONEOK, Inc. has a 1-year low of $47.14 and a 1-year high of $59.47. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. The company has a market cap of $19,570.63, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 3.71 and a beta of 1.29.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. equities analysts expect that ONEOK, Inc. will post 1.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were issued a $0.745 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.98 dividend on an annualized basis and a yield of 5.84%. ONEOK’s dividend payout ratio is currently 186.25%.
Several research firms recently weighed in on OKE. BidaskClub lowered shares of ONEOK from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Credit Suisse Group reduced their target price on shares of ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Argus restated a “buy” rating and set a $59.00 target price (up previously from $55.00) on shares of ONEOK in a report on Thursday, August 24th. BMO Capital Markets set a $62.00 target price on shares of ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $55.00 target price on shares of ONEOK in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.07.
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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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