Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $97.50 Million Stake in ONEOK, Inc. (NYSE:OKE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 971,083 shares of the utilities provider's stock after selling 4,223 shares during the quarter. ONEOK makes up approximately 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings, making the stock its 27th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.17% of ONEOK worth $97,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of ONEOK during the fourth quarter worth about $182,694,000. Charles Schwab Investment Management Inc. grew its position in ONEOK by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock worth $1,848,844,000 after purchasing an additional 934,007 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ONEOK in the third quarter valued at approximately $47,957,000. National Pension Service raised its holdings in shares of ONEOK by 65.3% during the fourth quarter. National Pension Service now owns 1,262,741 shares of the utilities provider's stock valued at $126,779,000 after buying an additional 498,908 shares during the last quarter. Finally, Yaupon Capital Management LP acquired a new position in shares of ONEOK during the third quarter worth approximately $45,194,000. Institutional investors own 69.13% of the company's stock.

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ONEOK Trading Up 3.0 %

Shares of NYSE OKE traded up $3.00 during mid-day trading on Monday, hitting $102.34. 3,284,724 shares of the company traded hands, compared to its average volume of 2,861,519. The business has a 50 day moving average of $98.91 and a two-hundred day moving average of $99.99. The stock has a market capitalization of $63.89 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a 1 year low of $76.23 and a 1 year high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.03%. This is a positive change from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio is presently 79.69%.

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. Citigroup began coverage on ONEOK in a research note on Friday, February 28th. They set a "buy" rating and a $110.00 target price on the stock. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Scotiabank decreased their target price on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 6th. Barclays dropped their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.31.

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.