National Pension Service Purchases 12,349 Shares of ONEOK, Inc. (NYSE:OKE)

National Pension Service increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 763,833 shares of the utilities provider's stock after purchasing an additional 12,349 shares during the period. National Pension Service owned approximately 0.13% of ONEOK worth $69,608,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OKE. International Assets Investment Management LLC boosted its stake in ONEOK by 9,439.9% during 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 acquiring an additional 3,197,121 shares during the last quarter. M&G Plc acquired a new stake in ONEOK in the 1st quarter valued at $77,634,000. Kayne Anderson Capital Advisors LP raised its holdings in ONEOK by 28.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider's stock worth $297,059,000 after acquiring an additional 825,464 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings 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 valued at $41,995,000 after buying an additional 501,216 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in ONEOK by 370.1% during the first quarter. Cetera Investment Advisers now owns 615,276 shares of the utilities provider's stock worth $49,327,000 after buying an additional 484,403 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on ONEOK from $88.00 to $102.00 and gave the company a "sector outperform" rating in a research report on Friday, August 30th. Barclays boosted their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research report on Monday. Bank of America began coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a "buy" rating and a $105.00 target price on the stock. Morgan Stanley raised ONEOK from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Finally, Mizuho lifted their price objective on ONEOK from $81.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, July 26th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $96.92.

ONEOK Price Performance

Shares of OKE stock traded up $3.59 on Wednesday, reaching $102.20. The company had a trading volume of 4,402,020 shares, compared to its average volume of 2,747,379. The stock has a market capitalization of $59.70 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 4.08 and a beta of 1.66. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business's 50-day moving average is $94.29 and its 200 day moving average is $86.31. ONEOK, Inc. has a one year low of $63.33 and a one year high of $103.12.

ONEOK (NYSE:OKE - Get Free Report) last issued its 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). The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the business earned $0.99 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be given a $0.99 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.87%. 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.