ONEOK, Inc. (NYSE:OKE) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,888,864 shares of the utilities provider's stock after purchasing an additional 262,486 shares during the quarter. Barclays PLC owned about 0.32% of ONEOK worth $172,131,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. QRG Capital Management Inc. increased its holdings in shares of ONEOK by 2.2% in the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock valued at $454,000 after purchasing an additional 119 shares during the period. Sequoia Financial Advisors LLC increased its stake in ONEOK by 7.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,978 shares of the utilities provider's stock valued at $651,000 after buying an additional 537 shares during the period. Diversified Trust Co raised its position in ONEOK by 14.1% during the 2nd quarter. Diversified Trust Co now owns 4,586 shares of the utilities provider's stock worth $374,000 after buying an additional 567 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of ONEOK by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 199,762 shares of the utilities provider's stock worth $16,291,000 after acquiring an additional 2,042 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of ONEOK by 30.8% in the second quarter. Great Valley Advisor Group Inc. now owns 11,248 shares of the utilities provider's stock valued at $917,000 after acquiring an additional 2,647 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Analysts Set New Price Targets

OKE has been the subject of several analyst reports. Bank of America initiated coverage on shares of ONEOK in a report on Thursday, October 17th. They set a "buy" rating and a $105.00 price target for the company. US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Mizuho upgraded ONEOK to a "hold" rating in a research note on Thursday, November 7th. Scotiabank increased their price objective on ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company boosted their target price on shares of ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $101.00.

ONEOK Price Performance

Shares of NYSE OKE traded up $0.02 on Wednesday, hitting $104.36. The company's stock had a trading volume of 2,681,146 shares, compared to its average volume of 2,808,220. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a 50 day moving average of $102.95 and a 200-day moving average of $91.43. ONEOK, Inc. has a 12-month low of $65.49 and a 12-month high of $118.07. The company has a market capitalization of $60.97 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 5.49 and a beta of 1.69.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the previous year, the company posted $0.99 EPS. As a group, research analysts predict that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, November 1st. ONEOK's payout ratio is 82.85%.

About ONEOK

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.