The ONEOK, Inc. (OKE) Shares Bought by Mirae Asset Global Investments Co. Ltd.

The ONEOK, Inc. (OKE) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Other hedge funds have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its stake in ONEOK by 32.3% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,832 shares of the utilities provider’s stock worth $454,000 after buying an additional 2,155 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in ONEOK during the third quarter worth about $36,425,000. Virtus Investment Advisers Inc. bought a new position in ONEOK during the third quarter worth about $159,000. Advantus Capital Management Inc increased its position in ONEOK by 1.1% in the third quarter. Advantus Capital Management Inc now owns 20,634 shares of the utilities provider’s stock worth $1,060,000 after buying an additional 216 shares during the last quarter. Finally, Capital Innovations LLC bought a new position in ONEOK during the third quarter worth about $245,000. Institutional investors own 72.13% of the company’s stock.

Mirae Asset Global Investments Co. Ltd. boosted its position in ONEOK, Inc. (NYSE:OKE) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,498 shares of the utilities provider’s stock after buying an additional 859 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ONEOK were worth $471,000 as of its most recent SEC filing.

Shares of ONEOK, Inc. (OKE) traded down 1.78% during midday trading on Friday, reaching $49.55. 1,560,211 shares of the company traded hands. ONEOK, Inc. has a 1-year low of $42.79 and a 1-year high of $59.47. The company has a market capitalization of $10.45 billion, a PE ratio of 29.58 and a beta of 1.19. The company has a 50 day moving average price of $51.89 and a 200 day moving average price of $54.42.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.82 billion. ONEOK had a net margin of 6.77% and a return on equity of 164.07%. On average, analysts expect that ONEOK, Inc. will post $2.27 earnings per share for the current year. The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a dividend of $0.615 per share. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $2.46 annualized dividend and a dividend yield of 4.96%. ONEOK’s payout ratio is currently 182.22%.

A number of equities analysts recently issued reports on OKE shares. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price target on shares of ONEOK in a research note on Friday, March 31st. Royal Bank of Canada reissued a “hold” rating and issued a $60.00 price target on shares of ONEOK in a research note on Wednesday, February 8th. Piper Jaffray Companies raised shares of ONEOK to a “buy” rating and set a $63.00 price target for the company in a research note on Saturday, February 4th. Zacks Investment Research downgraded shares of ONEOK from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Finally, Guggenheim started coverage on shares of ONEOK in a research note on Monday, April 17th. They set a “buy” rating and a $62.00 target price for the company. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. ONEOK has a consensus rating of “Hold” and an average target price of $56.91. ONEOK Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OKE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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