1 week Ago By ABMN Staff
National Bank of Canada FI increased its holdings in ONEOK, Inc. ( NYSE:OKE – Free Report ) by 79.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 232,742 shares of the utilities provider’s stock after acquiring an additional 103,054 shares during the quarter. National Bank of Canada FI’s holdings in ONEOK were worth $19,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors also recently bought and sold shares of OKE.
Rise Advisors LLC bought a new position in shares of ONEOK during the first quarter valued at approximately $25,000. LifeSteps Financial Inc. purchased a new position in ONEOK during the first quarter valued at $26,000.
Ridgewood Investments LLC bought a new stake in ONEOK in the second quarter worth $31,000. American National Bank bought a new stake in ONEOK in the first quarter worth $32,000. Finally, Manchester Capital Management LLC increased its holdings in shares of ONEOK by 66.
4% during the first quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. 69.
13% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In OKE has been the topic of a number of analyst reports. Mizuho upped their price target on shares of ONEOK from $81.
00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. JPMorgan Chase & Co.
increased their price target on shares of ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th.
Royal Bank of Canada boosted their price objective on shares of ONEOK from $84.00 to $89.00 and gave the stock a “sector perform” rating in a report on Thursday, August 22nd.
Scotiabank increased their target price on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th.
Finally, Morgan Stanley boosted their price target on ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th.
One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $89.
92. ONEOK Trading Down 0.8 % ONEOK stock opened at $91.
06 on Friday. The business has a 50-day simple moving average of $85.25 and a two-hundred day simple moving average of $81.
20. ONEOK, Inc. has a 52-week low of $60.
58 and a 52-week high of $93.00. The company has a quick ratio of 0.
41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22.
The company has a market cap of $53.15 billion, a P/E ratio of 21.18, a P/E/G ratio of 3.
66 and a beta of 1.67. ONEOK ( NYSE:OKE – Get Free Report ) last announced its earnings results on Monday, August 5th.
The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.
12. ONEOK had a net margin of 13.41% and a return on equity of 15.
54%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.
52 billion. During the same period in the prior year, the company earned $1.04 earnings per share.
Analysts predict that ONEOK, Inc. will post 5.05 EPS for the current year.
ONEOK Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a dividend of $0.99 per share.
The ex-dividend date was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.
35%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.
ONEOK Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ONEOK, Inc. ( NYSE:OKE – Free Report ). 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.
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