Commonwealth Bank of Australia increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,736 shares of the utilities provider’s stock after buying an additional 2,448 shares during the quarter. Commonwealth Bank of Australia’s holdings in ONEOK were worth $1,437,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Reilly Financial Advisors LLC lifted its position in shares of ONEOK by 142.4% during the 4th quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock worth $27,000 after buying an additional 292 shares during the period. Bremer Trust National Association bought a new position in shares of ONEOK during the 4th quarter worth approximately $48,000. Ffcm LLC lifted its position in shares of ONEOK by 186.7% during the 4th quarter. Ffcm LLC now owns 946 shares of the utilities provider’s stock worth $51,000 after buying an additional 616 shares during the period. We Are One Seven LLC acquired a new stake in ONEOK during the 4th quarter valued at $61,000. Finally, FTB Advisors Inc. increased its holdings in ONEOK by 22.9% during the 4th quarter. FTB Advisors Inc. now owns 1,333 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.
NYSE OKE opened at $67.12 on Friday. The firm has a market capitalization of $27.71 billion, a PE ratio of 24.14, a PEG ratio of 1.97 and a beta of 1.22. ONEOK, Inc. has a 52 week low of $50.26 and a 52 week high of $71.99. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, January 28th were paid a $0.86 dividend. This is a boost from ONEOK’s previous quarterly dividend of $0.86. This represents a $3.44 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Friday, January 25th. ONEOK’s dividend payout ratio (DPR) is 123.74%.
A number of equities research analysts recently weighed in on OKE shares. SunTrust Banks started coverage on ONEOK in a report on Friday, January 18th. They set a “buy” rating and a $72.00 price target for the company. Evercore ISI started coverage on ONEOK in a report on Tuesday, February 5th. They set a $68.00 price target for the company. Barclays set a $66.00 price target on ONEOK and gave the company a “hold” rating in a report on Wednesday, January 16th. US Capital Advisors reaffirmed a “buy” rating on shares of ONEOK in a report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. raised ONEOK from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $75.00 to $74.00 in a report on Tuesday, January 8th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.11.
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ONEOK Company Profile
ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
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