ONEOK, Inc. (NYSE:OKE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,381 shares of the utilities provider's stock after acquiring an additional 7,238 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in ONEOK were worth $16,438,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in ONEOK in the third quarter valued at approximately $1,189,000. MML Investors Services LLC grew its stake in ONEOK by 18.7% in the 3rd quarter. MML Investors Services LLC now owns 25,443 shares of the utilities provider's stock valued at $2,319,000 after acquiring an additional 4,008 shares during the period. Hodges Capital Management Inc. increased its holdings in ONEOK by 1.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 146,907 shares of the utilities provider's stock worth $13,388,000 after acquiring an additional 1,977 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in ONEOK during the third quarter worth $97,000. Finally, Mosaic Financial Group LLC lifted its holdings in ONEOK by 48.5% during the third quarter. Mosaic Financial Group LLC now owns 9,874 shares of the utilities provider's stock valued at $900,000 after purchasing an additional 3,227 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OKE has been the subject of several research analyst reports. Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a "buy" rating and a $105.00 price target for the company. US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Morgan Stanley raised ONEOK from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Truist Financial increased their price objective on ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Finally, UBS Group lifted their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and an average price target of $101.00.

ONEOK Trading Up 0.0 %

ONEOK stock traded up $0.02 during mid-day trading on Wednesday, hitting $104.36. The company's stock had a trading volume of 2,681,146 shares, compared to its average volume of 2,808,220. The stock's fifty day moving average is $102.95 and its two-hundred day moving average is $91.43. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $60.97 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 5.49 and a beta of 1.69. ONEOK, Inc. has a 1 year low of $65.49 and a 1 year 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 earnings per share 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 business had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. On average, analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.79%. ONEOK's dividend payout ratio (DPR) 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.