Toronto Dominion Bank Has $24.97 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Toronto Dominion Bank trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 306,230 shares of the utilities provider’s stock after selling 39,330 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of ONEOK worth $24,973,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OKE. Wellington Management Group LLP lifted its stake in shares of ONEOK by 2,643.5% in the fourth quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock worth $82,209,000 after acquiring an additional 1,128,066 shares during the period. M&G Plc acquired a new position in shares of ONEOK in the first quarter worth approximately $77,634,000. Kayne Anderson Capital Advisors LP lifted its stake in shares of ONEOK by 28.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider’s stock worth $297,059,000 after acquiring an additional 825,464 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of ONEOK by 36.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,076,078 shares of the utilities provider’s stock worth $145,782,000 after acquiring an additional 552,824 shares during the period. Finally, Bahl & Gaynor Inc. lifted its stake in shares of ONEOK by 3,648.4% in the second quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider’s stock worth $41,995,000 after acquiring an additional 501,216 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OKE has been the topic of a number of recent analyst reports. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Tudor Pickering raised ONEOK to a “hold” rating in a research note on Thursday, July 18th. Citigroup lifted their target price on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company lifted their target price on ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and a consensus target price of $92.38.

ONEOK Trading Down 5.9 %

NYSE OKE opened at $89.14 on Friday. The company has a market cap of $52.06 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 4.71 and a beta of 1.67. ONEOK, Inc. has a 52 week low of $60.58 and a 52 week high of $96.05. The business has a 50 day moving average price of $87.84 and a 200-day moving average price of $82.83. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same quarter in the previous year, the company posted $1.04 earnings per share. As a group, equities analysts expect that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.44%. ONEOK’s dividend payout ratio (DPR) is currently 92.09%.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.