ONEOK, Inc. (NYSE:OKE) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. cut its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,017,727 shares of the utilities provider's stock after selling 34,569 shares during the period. Duff & Phelps Investment Management Co. owned about 0.17% of ONEOK worth $92,745,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OKE. International Assets Investment Management LLC increased its stake in shares of ONEOK by 9,439.9% in the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock valued at $294,440,000 after buying an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of ONEOK by 3.9% during 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 during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ONEOK in the 3rd quarter valued at $47,957,000. Bahl & Gaynor Inc. lifted its position in shares of ONEOK by 3,648.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider's stock valued at $41,995,000 after acquiring an additional 501,216 shares during the period. Finally, Yaupon Capital Management LP bought a new position in ONEOK during the third quarter worth $45,194,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

Shares of NYSE OKE traded down $3.88 during midday trading on Monday, reaching $105.12. 3,092,998 shares of the stock traded hands, compared to its average volume of 2,809,872. The company's 50 day moving average is $102.43 and its 200 day moving average is $91.09. ONEOK, Inc. has a one year low of $65.49 and a one year high of $118.07. 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 stock has a market capitalization of $61.41 billion, a PE ratio of 22.80, a P/E/G ratio of 5.49 and a beta of 1.69.

ONEOK (NYSE:OKE - Get Free Report) last released its 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). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the company posted $0.99 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio (DPR) is presently 82.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OKE shares. Citigroup upped their price objective on shares of ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Royal Bank of Canada increased their target price on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Scotiabank upped their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a report on Friday, August 30th. Morgan Stanley raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Finally, UBS Group upped their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.