Strs Ohio Decreases Stock Position in ONEOK, Inc. (NYSE:OKE)

Strs Ohio lessened its position in ONEOK, Inc. (NYSE:OKEGet Rating) by 19.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,416 shares of the utilities provider’s stock after selling 4,367 shares during the quarter. Strs Ohio’s holdings in ONEOK were worth $943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Command Bank lifted its position in shares of ONEOK by 401.0% in the second quarter. First Command Bank now owns 491 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 393 shares in the last quarter. ACG Wealth purchased a new position in ONEOK during the second quarter worth approximately $28,000. Worth Asset Management LLC purchased a new position in ONEOK during the first quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new position in ONEOK during the third quarter worth approximately $31,000. Finally, Hallmark Capital Management Inc. purchased a new position in ONEOK during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 67.16% of the company’s stock.

ONEOK Stock Down 0.1 %

ONEOK stock opened at $70.83 on Friday. ONEOK, Inc. has a fifty-two week low of $50.50 and a fifty-two week high of $75.07. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.50 and a current ratio of 0.67. The company has a market capitalization of $31.66 billion, a P/E ratio of 19.68, a PEG ratio of 1.89 and a beta of 1.70. The stock has a 50-day simple moving average of $65.28 and a 200-day simple moving average of $60.92.

ONEOK (NYSE:OKEGet Rating) last posted its earnings results on Tuesday, November 1st. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $6.52 billion. ONEOK had a return on equity of 26.46% and a net margin of 7.10%. Equities research analysts expect that ONEOK, Inc. will post 3.82 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Tuesday, November 1st were given a dividend of $0.935 per share. This represents a $3.74 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Monday, October 31st. ONEOK’s payout ratio is 103.89%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded ONEOK from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $71.00 to $75.00 in a research report on Tuesday, January 10th. Truist Financial raised their target price on ONEOK from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. Raymond James cut their target price on ONEOK from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, October 20th. Morgan Stanley lifted their price objective on ONEOK from $70.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, January 9th. Finally, StockNews.com assumed coverage on ONEOK in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.09.

ONEOK Company Profile

(Get Rating)

ONEOK, Inc, together with its subsidiaries, engages in 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.

See Also

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.