ONEOK, Inc. (NYSE:OKE) is Kayne Anderson Capital Advisors LP's 4th Largest Position

Kayne Anderson Capital Advisors LP lowered its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,298,034 shares of the utilities provider's stock after selling 215,730 shares during the quarter. ONEOK accounts for about 7.7% of Kayne Anderson Capital Advisors LP's portfolio, making the stock its 4th biggest position. Kayne Anderson Capital Advisors LP owned about 0.56% of ONEOK worth $300,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKE. Swiss National Bank increased its position in shares of ONEOK by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,732,188 shares of the utilities provider's stock worth $157,854,000 after purchasing an additional 5,600 shares during the last quarter. Claro Advisors LLC boosted its stake in ONEOK by 1.6% in the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider's stock valued at $650,000 after purchasing an additional 115 shares during the period. Tower Bridge Advisors boosted its stake in ONEOK by 5.0% in the 3rd quarter. Tower Bridge Advisors now owns 81,528 shares of the utilities provider's stock valued at $7,430,000 after purchasing an additional 3,895 shares during the period. GoalVest Advisory LLC boosted its stake in ONEOK by 3.4% in the 3rd quarter. GoalVest Advisory LLC now owns 17,661 shares of the utilities provider's stock valued at $1,609,000 after purchasing an additional 574 shares during the period. Finally, Sage Advisors LLC lifted its position in shares of ONEOK by 13.2% during the 3rd quarter. Sage Advisors LLC now owns 57,017 shares of the utilities provider's stock valued at $5,196,000 after acquiring an additional 6,654 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley upgraded ONEOK from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Wells Fargo & Company upped their price target on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Citigroup upped their price target on ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Mizuho upgraded ONEOK to a "hold" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.38.

Insider Transactions at ONEOK

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

ONEOK Price Performance

OKE stock traded up $2.70 during mid-day trading on Monday, hitting $112.51. 3,636,904 shares of the stock were exchanged, compared to its average volume of 2,770,235. 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 business has a fifty day moving average price of $96.54 and a 200 day moving average price of $87.72. ONEOK, Inc. has a 12 month low of $65.49 and a 12 month high of $112.93. The stock has a market capitalization of $65.73 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 5.48 and a beta of 1.66.

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

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. ONEOK's dividend payout ratio is currently 82.85%.

ONEOK 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.