NN Investment Partners Holdings N.V. increased its position in shares of Oneok Inc. (NYSE:OKE) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,308 shares of the company’s stock after buying an additional 3,997 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Oneok were worth $2,429,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in OKE. ELCO Management Co. LLC acquired a new position in Oneok during the third quarter valued at $3,739,000. HighPoint Advisor Group LLC acquired a new position in Oneok during the third quarter valued at $409,000. Price T Rowe Associates Inc. MD increased its position in Oneok by 0.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 408,720 shares of the company’s stock valued at $21,004,000 after buying an additional 1,430 shares during the period. LPL Financial LLC increased its position in Oneok by 9.6% in the third quarter. LPL Financial LLC now owns 47,415 shares of the company’s stock valued at $2,349,000 after buying an additional 4,142 shares during the period. Finally, Tuttle Tactical Management LLC acquired a new position in Oneok during the third quarter valued at $151,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
Oneok Inc. (NYSE:OKE) traded down 1.06% on Thursday, reaching $55.96. 999,783 shares of the company traded hands. The firm has a 50 day moving average price of $57.32 and a 200 day moving average price of $50.49. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 41.33 and a beta of 1.14. Oneok Inc. has a 52-week low of $18.88 and a 52-week high of $59.47.
Oneok (NYSE:OKE) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.02. Oneok had a return on equity of 9.99% and a net margin of 3.50%. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities research analysts predict that Oneok Inc. will post $1.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Monday, January 30th will be paid a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 4.35%. Oneok’s dividend payout ratio is presently 182.22%.
Several equities analysts have weighed in on the stock. RBC Capital Markets restated a “hold” rating and set a $58.00 target price on shares of Oneok in a report on Friday, January 6th. Jefferies Group restated a “hold” rating and set a $46.00 target price on shares of Oneok in a report on Thursday, November 3rd. Credit Suisse Group AG restated a “neutral” rating and set a $54.00 target price (up from $49.00) on shares of Oneok in a report on Sunday, December 4th. Deutsche Bank AG upgraded shares of Oneok from a “sell” rating to a “hold” rating and raised their target price for the company from $49.00 to $52.00 in a report on Monday, October 10th. Finally, Barclays PLC downgraded shares of Oneok from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $49.00 to $58.00 in a report on Tuesday, December 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.08.
ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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