Securian Asset Management Inc raised its position in ONEOK, Inc. (NYSE:OKE) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 92,717 shares of the utilities provider’s stock after buying an additional 2,747 shares during the period. Securian Asset Management Inc’s holdings in ONEOK were worth $6,475,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in shares of ONEOK by 3.3% in the first quarter. Daiwa Securities Group Inc. now owns 15,806 shares of the utilities provider’s stock valued at $1,104,000 after acquiring an additional 500 shares during the last quarter. World Asset Management Inc increased its position in shares of ONEOK by 4.3% in the first quarter. World Asset Management Inc now owns 26,144 shares of the utilities provider’s stock valued at $1,826,000 after acquiring an additional 1,069 shares during the last quarter. RFG Advisory LLC grew its holdings in ONEOK by 45.2% during the first quarter. RFG Advisory LLC now owns 10,109 shares of the utilities provider’s stock worth $706,000 after purchasing an additional 3,147 shares during the period. BNP Paribas Arbitrage SA grew its holdings in ONEOK by 48.0% during the first quarter. BNP Paribas Arbitrage SA now owns 367,048 shares of the utilities provider’s stock worth $25,635,000 after purchasing an additional 119,111 shares during the period. Finally, Squar Milner Financial Services LLC grew its holdings in ONEOK by 131.6% during the first quarter. Squar Milner Financial Services LLC now owns 2,524 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 1,434 shares during the period. Hedge funds and other institutional investors own 74.38% of the company’s stock.
NYSE OKE traded down $1.06 on Wednesday, reaching $66.91. The company had a trading volume of 1,965,900 shares, compared to its average volume of 2,501,333. The company has a market capitalization of $27.86 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.96 and a beta of 1.20. ONEOK, Inc. has a fifty-two week low of $50.26 and a fifty-two week high of $71.99. The company has a quick ratio of 0.55, a current ratio of 0.79 and a debt-to-equity ratio of 1.56.
ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.08. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.70 billion. ONEOK had a return on equity of 18.47% and a net margin of 9.98%. During the same period in the prior year, the business posted $0.64 earnings per share. Research analysts expect that ONEOK, Inc. will post 3.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th were given a dividend of $0.865 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $3.46 dividend on an annualized basis and a yield of 5.17%. This is a boost from ONEOK’s previous quarterly dividend of $0.86. ONEOK’s dividend payout ratio is 124.46%.
In other news, Director Eduardo A. Rodriguez sold 1,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $66.75, for a total transaction of $100,125.00. Following the transaction, the director now owns 15,536 shares of the company’s stock, valued at approximately $1,037,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.
A number of equities analysts recently commented on OKE shares. Evercore ISI started coverage on ONEOK in a report on Tuesday, February 5th. They set a $68.00 price target for the company. UBS Group cut ONEOK from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Tuesday, February 26th. Mizuho set a $73.00 price objective on ONEOK and gave the stock a “hold” rating in a report on Tuesday, February 26th. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Tuesday, March 19th. Finally, Jefferies Financial Group cut ONEOK from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $72.00 to $74.00 in a report on Monday, April 1st. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.73.
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ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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