ONEOK, Inc. (NYSE:OKE) Shares Acquired by Trust Co. of Oklahoma

Trust Co. of Oklahoma lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,744 shares of the utilities provider’s stock after purchasing an additional 414 shares during the quarter. Trust Co. of Oklahoma’s holdings in ONEOK were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OKE. International Assets Investment Management LLC raised its stake in shares of ONEOK by 9,439.9% in the 3rd 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 shares of 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 buying an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ONEOK during the third quarter worth approximately $47,957,000. Yaupon Capital Management LP purchased a new position in shares of ONEOK during the third quarter worth about $45,194,000. Finally, National Bank of Canada FI raised its position in ONEOK by 199.9% during the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after buying an additional 465,243 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OKE. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective for the company. Bank of America began coverage on ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Royal Bank of Canada increased their price objective on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Stock Down 3.2 %

OKE opened at $106.28 on Thursday. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The business has a 50-day moving average of $106.17 and a two-hundred day moving average of $96.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market capitalization of $62.09 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 4.16 and a beta of 1.70.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the business earned $0.99 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.88%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 82.85%.

ONEOK Profile

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.