Quadrature Capital Ltd Invests $1.72 Million in ONEOK, Inc. (NYSE:OKE)

Quadrature Capital Ltd bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 18,818 shares of the utilities provider's stock, valued at approximately $1,715,000.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position 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 acquiring an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $1,593,023,000 after purchasing an additional 661,854 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ONEOK in the 3rd quarter worth $47,957,000. Bahl & Gaynor Inc. increased its holdings 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 worth $41,995,000 after purchasing an additional 501,216 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in shares of ONEOK by 3,137.6% during the second quarter. Strategic Financial Concepts LLC now owns 405,158 shares of the utilities provider's stock valued at $330,000 after buying an additional 392,644 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE traded down $1.12 on Friday, hitting $109.00. The company's stock had a trading volume of 2,160,043 shares, compared to its average volume of 3,390,932. The company has a market capitalization of $63.68 billion, a PE ratio of 22.80, a PEG ratio of 5.48 and a beta of 1.69. ONEOK, Inc. has a fifty-two week low of $65.49 and a fifty-two week high of $118.07. The company has a 50 day moving average price of $102.43 and a 200 day moving average price of $91.02. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS 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 during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm posted $0.99 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced 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 dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio is presently 82.85%.

Analyst Ratings Changes

Several brokerages recently issued reports on OKE. Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They set a "buy" rating and a $105.00 price target on the stock. Wells Fargo & Company boosted their price objective on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Mizuho raised shares of ONEOK to a "hold" rating in a report on Thursday, November 7th. Finally, Barclays raised their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Seven investment 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, ONEOK currently has an average rating of "Moderate Buy" and a consensus target price of $101.00.

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.