Oddo BHF Asset Management Sas Takes Position in ONEOK, Inc. (NYSE:OKE)

Oddo BHF Asset Management Sas acquired a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,642 shares of the utilities provider's stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service grew its position in shares of ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock worth $69,608,000 after buying an additional 12,349 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after acquiring an additional 5,175 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of ONEOK in the second quarter worth $1,225,000. Point72 Europe London LLP bought a new stake in shares of ONEOK in the second quarter valued at approximately $15,008,000. Finally, Nations Financial Group Inc. IA ADV lifted its position in ONEOK by 11.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock worth $4,972,000 after purchasing an additional 5,451 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 0.4 %

NYSE OKE traded down $0.44 during trading hours on Friday, hitting $104.03. The company had a trading volume of 1,801,787 shares, compared to its average volume of 2,801,106. The firm's 50 day moving average is $103.54 and its 200 day moving average is $91.85. 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 company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 5.26 and a beta of 1.69. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07.

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

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's payout ratio is 82.85%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho raised ONEOK to a "hold" rating in a report on Thursday, November 7th. US Capital Advisors upgraded shares of ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Truist Financial boosted their price target on ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Bank of America assumed coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a "buy" rating and a $105.00 price objective for the company. Finally, Morgan Stanley raised ONEOK from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $103.00 to $111.00 in a report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $101.00.

ONEOK Company 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.