Tyers Asset Management LLC trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,536 shares of the utilities provider’s stock after selling 168 shares during the period. Tyers Asset Management LLC’s holdings in ONEOK were worth $2,272,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its stake in ONEOK by 19.9% during the fourth quarter. Advisors Asset Management Inc. now owns 404,132 shares of the utilities provider’s stock worth $21,803,000 after buying an additional 66,999 shares during the last quarter. TD Asset Management Inc. boosted its stake in ONEOK by 1.9% during the fourth quarter. TD Asset Management Inc. now owns 181,949 shares of the utilities provider’s stock worth $9,816,000 after buying an additional 3,447 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in ONEOK by 1.2% during the fourth quarter. Chicago Equity Partners LLC now owns 56,880 shares of the utilities provider’s stock worth $3,069,000 after buying an additional 650 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in ONEOK by 3.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,306 shares of the utilities provider’s stock worth $826,000 after buying an additional 500 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in ONEOK by 1.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 16,725 shares of the utilities provider’s stock worth $902,000 after buying an additional 305 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.
Shares of OKE stock traded up $0.36 on Thursday, hitting $64.81. The stock had a trading volume of 21,165 shares, compared to its average volume of 1,773,164. The company has a current ratio of 0.79, a quick ratio of 0.55 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $27.13 billion, a PE ratio of 23.32, a P/E/G ratio of 1.89 and a beta of 1.19. ONEOK, Inc. has a 1 year low of $50.26 and a 1 year high of $71.99.
ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The firm had revenue of $2.78 billion for 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 quarter in the previous year, the business earned $0.64 EPS. Research analysts predict that ONEOK, Inc. will post 3.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Monday, April 29th were issued a $0.865 dividend. This represents a $3.46 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Friday, April 26th. This is an increase from ONEOK’s previous quarterly dividend of $0.86. ONEOK’s payout ratio is currently 124.46%.
Several equities analysts have recently commented on OKE shares. Jefferies Financial Group lowered ONEOK from a “buy” rating to a “hold” rating and upped their price target for the company from $72.00 to $74.00 in a research note on Monday, April 1st. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Tuesday, March 19th. Mizuho set a $73.00 price target on ONEOK and gave the company a “hold” rating in a research note on Tuesday, February 26th. UBS Group lowered ONEOK from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Tuesday, February 26th. Finally, Raymond James lowered ONEOK from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, April 16th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $71.85.
In related news, Director Eduardo A. Rodriguez sold 1,500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.75, for a total value of $100,125.00. Following the sale, the director now owns 15,536 shares in the company, valued at approximately $1,037,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.
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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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