Swiss National Bank Purchases 5,600 Shares of ONEOK, Inc. (NYSE:OKE)

Swiss National Bank raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,732,188 shares of the utilities provider's stock after purchasing an additional 5,600 shares during the period. Swiss National Bank owned 0.30% of ONEOK worth $157,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Matrix Trust Co bought a new position in ONEOK during the third quarter valued at $29,000. Quest Partners LLC bought a new position in shares of ONEOK in the second quarter worth $28,000. Ridgewood Investments LLC bought a new position in shares of ONEOK in the second quarter worth $31,000. Access Investment Management LLC bought a new position in shares of ONEOK in the third quarter worth $37,000. Finally, Values First Advisors Inc. bought a new position in shares of ONEOK in the third quarter worth $44,000. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 2.5 %

Shares of OKE traded up $2.70 during trading hours on Monday, hitting $112.51. The company had a trading volume of 3,636,904 shares, compared to its average volume of 2,770,235. The firm has a market cap of $65.73 billion, a P/E ratio of 22.97, a P/E/G ratio of 5.48 and a beta of 1.66. The stock's 50 day moving average price is $96.54 and its 200 day moving average price is $87.72. The company has a quick ratio of 0.59, a current ratio of 0.81 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 $112.93.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.02 billion during the quarter, compared to analysts' expectations 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 firm posted $0.99 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. ONEOK's payout ratio is presently 82.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OKE shares. Royal Bank of Canada raised their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a report on Friday. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They issued a "buy" rating and a $105.00 price objective on the stock. Morgan Stanley upgraded ONEOK from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Finally, Barclays increased their price objective on ONEOK from $94.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

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.