Robeco Institutional Asset Management B.V. Acquires 50,808 Shares of ONEOK, Inc. (NYSE:OKE)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 50.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,844 shares of the utilities provider's stock after purchasing an additional 50,808 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in ONEOK were worth $13,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. grew its stake in shares of ONEOK by 6.3% in the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock worth $161,000 after acquiring an additional 105 shares in the last quarter. QRG Capital Management Inc. grew its holdings in ONEOK by 2.2% during the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider's stock worth $454,000 after acquiring an additional 119 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock valued at $1,111,000 after purchasing an additional 122 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of ONEOK by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider's stock valued at $935,000 after purchasing an additional 122 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of ONEOK by 1.4% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider's stock worth $839,000 after purchasing an additional 125 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Up 2.1 %

Shares of OKE traded up $2.19 during trading on Thursday, reaching $104.39. The company's stock had a trading volume of 2,020,004 shares, compared to its average volume of 2,744,012. ONEOK, Inc. has a twelve month low of $63.33 and a twelve month high of $104.43. 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 company has a market cap of $60.98 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 4.08 and a beta of 1.66. The company has a fifty day moving average of $94.29 and a two-hundred day moving average of $86.31.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm 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 prior year, the company posted $0.99 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be given a dividend of $0.99 per share. The ex-dividend date is Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.79%. ONEOK's dividend payout ratio (DPR) is presently 82.85%.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the company'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 value of $310,901.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley upgraded ONEOK from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Barclays boosted their price objective on ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research note on Monday. Mizuho increased their price objective on ONEOK from $81.00 to $85.00 and gave the stock a "neutral" rating in a research report on Friday, July 26th. Wells Fargo & Company lifted their price target on ONEOK from $100.00 to $107.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Citigroup increased their price objective on shares of ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $96.92.

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.