Public Employees Retirement System of Ohio Reduces Holdings in ONEOK, Inc. (NYSE:OKE)

Public Employees Retirement System of Ohio cut its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,975 shares of the utilities provider's stock after selling 10,560 shares during the quarter. Public Employees Retirement System of Ohio's holdings in ONEOK were worth $19,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in shares of ONEOK by 2.2% in the second quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock valued at $454,000 after purchasing an additional 119 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of ONEOK by 7.2% during the second quarter. Sequoia Financial Advisors LLC now owns 7,978 shares of the utilities provider's stock valued at $651,000 after buying an additional 537 shares during the period. Diversified Trust Co lifted its holdings in shares of ONEOK by 14.1% in the second quarter. Diversified Trust Co now owns 4,586 shares of the utilities provider's stock worth $374,000 after buying an additional 567 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of ONEOK by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 199,762 shares of the utilities provider's stock valued at $16,291,000 after acquiring an additional 2,042 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in ONEOK by 30.8% during the second quarter. Great Valley Advisor Group Inc. now owns 11,248 shares of the utilities provider's stock valued at $917,000 after acquiring an additional 2,647 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on OKE. Scotiabank increased their target price on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 30th. Mizuho upgraded ONEOK to a "hold" rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Barclays raised their price target on ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and an average target price of $101.00.

ONEOK Trading Up 0.0 %

Shares of NYSE:OKE traded up $0.02 on Wednesday, reaching $104.36. 2,681,146 shares of the company traded hands, compared to its average volume of 2,808,220. The stock has a market capitalization of $60.97 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 5.49 and a beta of 1.69. The business's 50-day simple moving average is $102.95 and its 200 day simple 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. ONEOK, Inc. has a 52 week low of $65.49 and a 52 week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate 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 business earned $0.99 earnings per share. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Announces Dividend

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 dividend of $0.99 per share. The ex-dividend date was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.79%. ONEOK's dividend payout ratio is currently 82.85%.

About ONEOK

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.