ONEOK, Inc. (OKE) Shares Bought by Robecosam AG
Robecosam AG raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,021 shares of the utilities provider’s stock after purchasing an additional 1,781 shares during the quarter. Robecosam AG’s holdings in ONEOK were worth $1,775,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of ONEOK by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 912,694 shares of the utilities provider’s stock worth $47,603,000 after purchasing an additional 13,443 shares during the last quarter. Cipher Capital LP lifted its position in shares of ONEOK by 166.9% during the second quarter. Cipher Capital LP now owns 56,337 shares of the utilities provider’s stock worth $2,938,000 after purchasing an additional 35,228 shares during the last quarter. Crawford Investment Counsel Inc. lifted its position in shares of ONEOK by 61.2% during the second quarter. Crawford Investment Counsel Inc. now owns 40,635 shares of the utilities provider’s stock worth $2,120,000 after purchasing an additional 15,427 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of ONEOK by 42.7% during the second quarter. Wells Fargo & Company MN now owns 1,010,968 shares of the utilities provider’s stock worth $52,732,000 after purchasing an additional 302,407 shares during the last quarter. Finally, Starr International Co. Inc. bought a new stake in shares of ONEOK during the third quarter worth $8,089,000. Institutional investors and hedge funds own 57.79% of the company’s stock.
In related news, Director Brian L. Derksen bought 1,800 shares of the business’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.
ONEOK, Inc. (NYSE OKE) traded up $0.46 on Friday, reaching $51.04. The company’s stock had a trading volume of 1,056,003 shares, compared to its average volume of 2,197,056. ONEOK, Inc. has a 52 week low of $47.14 and a 52 week 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 stock has a market capitalization of $19,394.23, a price-to-earnings ratio of 31.61, a PEG ratio of 3.68 and a beta of 1.29.
ONEOK (NYSE:OKE) last posted its earnings results 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). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the firm earned $0.43 EPS. research analysts predict that ONEOK, Inc. will post 1.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were paid a $0.745 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.98 annualized dividend and a yield of 5.84%. ONEOK’s dividend payout ratio (DPR) is presently 186.25%.
Several research firms have recently weighed in on OKE. BMO Capital Markets set a $62.00 target price on ONEOK and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus restated a “hold” rating and set a $54.00 price target on shares of ONEOK in a research note on Thursday, October 12th. 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 research note on Tuesday, October 17th. J P Morgan Chase & Co restated a “neutral” rating and set a $58.00 price target on shares of ONEOK in a research note on Monday, September 11th. Finally, Mizuho began coverage on ONEOK in a research note on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. ONEOK currently has an average 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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