ING Groep NV Has $47.76 Million Holdings in ONEOK, Inc. (NYSE:OKE)

ING Groep NV trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 20.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 524,121 shares of the utilities provider's stock after selling 134,423 shares during the period. ING Groep NV owned about 0.09% of ONEOK worth $47,763,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OKE. HM Payson & Co. grew its stake in shares of ONEOK by 6.3% during the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock worth $161,000 after buying an additional 105 shares during the last quarter. Haverford Trust Co grew its stake in shares of ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock worth $917,000 after buying an additional 117 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of ONEOK by 2.2% during the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock worth $454,000 after buying an additional 119 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of ONEOK by 0.9% during the second quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock worth $1,111,000 after buying an additional 122 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in shares of ONEOK by 1.1% during the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider's stock worth $935,000 after buying an additional 122 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 0.3 %

OKE stock traded down $0.29 during midday trading on Thursday, hitting $107.88. The stock had a trading volume of 2,621,723 shares, compared to its average volume of 2,763,003. The firm has a market cap of $63.02 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 5.38 and a beta of 1.66. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $64.68 and a 1-year high of $109.21. The business has a fifty day moving average price of $95.84 and a two-hundred day moving average price of $87.24.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the firm posted $0.99 earnings per share. On average, sell-side analysts predict that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, November 1st. ONEOK's dividend payout ratio (DPR) is currently 82.85%.

Insider Buying and Selling at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OKE. Tudor Pickering raised shares of ONEOK to a "hold" rating in a research note on Thursday, July 18th. Bank of America started coverage on shares of ONEOK in a report on Thursday, October 17th. They set a "buy" rating and a $105.00 price target on the stock. Scotiabank lifted their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a report on Friday, August 30th. Mizuho upgraded shares of ONEOK to a "hold" rating in a report on Thursday, November 7th. Finally, Barclays lifted their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $96.92.

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.