Dorsey Wright & Associates Grows Holdings in ONEOK, Inc. (NYSE:OKE)

Dorsey Wright & Associates increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 1,069.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,392 shares of the utilities provider's stock after buying an additional 34,195 shares during the period. Dorsey Wright & Associates' holdings in ONEOK were worth $3,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OKE. International Assets Investment Management LLC boosted its position in shares of ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock worth $294,440,000 after buying an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of ONEOK by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider's stock worth $1,593,023,000 after buying an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ONEOK in the 3rd quarter worth about $47,957,000. Bahl & Gaynor Inc. boosted its position in shares of ONEOK by 3,648.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider's stock worth $41,995,000 after buying an additional 501,216 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of ONEOK in the 3rd quarter worth about $45,194,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OKE shares. Royal Bank of Canada boosted their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 16th. Scotiabank boosted their target price on shares of ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research note on Friday, August 30th. Mizuho raised shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, US Capital Advisors raised shares of ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $101.00.

ONEOK Trading Down 1.0 %

Shares of NYSE:OKE traded down $1.12 during trading on Friday, reaching $109.00. 2,160,043 shares of the stock were exchanged, compared to its average volume of 3,390,932. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 12-month low of $65.49 and a 12-month high of $118.07. The firm has a market cap of $63.68 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 5.48 and a beta of 1.69. The firm's 50-day moving average price is $102.43 and its 200 day moving average price is $91.09.

ONEOK (NYSE:OKE - Get Free Report) last issued 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 firm had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio is presently 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.