ONEOK, Inc. (OKE) Shares Sold by Brookstone Capital Management
Brookstone Capital Management cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,874 shares of the utilities provider’s stock after selling 13,040 shares during the period. Brookstone Capital Management’s holdings in ONEOK were worth $5,534,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. CHICAGO TRUST Co NA increased its stake in shares of ONEOK by 0.5% during the second quarter. CHICAGO TRUST Co NA now owns 4,020 shares of the utilities provider’s stock valued at $210,000 after buying an additional 20 shares during the period. New Amsterdam Partners LLC NY increased its stake in shares of ONEOK by 0.6% during the second quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock valued at $489,000 after buying an additional 58 shares during the period. Stephens Inc. AR increased its stake in shares of ONEOK by 0.4% during the second quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock valued at $805,000 after buying an additional 58 shares during the period. Utah Retirement Systems increased its stake in shares of ONEOK by 0.3% during the second quarter. Utah Retirement Systems now owns 38,294 shares of the utilities provider’s stock valued at $1,997,000 after buying an additional 100 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in shares of ONEOK by 2.0% during the second quarter. Contravisory Investment Management Inc. now owns 5,034 shares of the utilities provider’s stock valued at $263,000 after buying an additional 101 shares during the period. 51.78% of the stock is currently owned by hedge funds and other institutional investors.
ONEOK, Inc. (NYSE OKE) traded up $0.04 during trading on Friday, reaching $52.65. The company’s stock had a trading volume of 2,103,585 shares, compared to its average volume of 2,251,447. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a twelve month low of $46.04 and a twelve month high of $59.47. The company has a market capitalization of $20,187.96, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 3.55 and a beta of 1.29.
ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm posted $0.43 earnings per share. equities analysts expect that ONEOK, Inc. will post 1.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Friday, November 3rd. ONEOK’s dividend payout ratio (DPR) is 186.25%.
Several equities analysts have recently issued reports on OKE shares. BMO Capital Markets set a $62.00 target price on ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. Argus reissued a “buy” rating and set a $59.00 target price (up from $55.00) on shares of ONEOK in a research note on Thursday, August 24th. BidaskClub raised ONEOK from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. UBS AG boosted their target price on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays PLC started coverage on ONEOK in a research note on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. ONEOK presently has an average rating of “Hold” and an average target price 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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