Huntington National Bank lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,370 shares of the utilities provider’s stock after selling 609 shares during the period. Huntington National Bank’s holdings in ONEOK were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. C J Advisory Inc acquired a new stake in shares of ONEOK in the 1st quarter worth about $26,000. Pinnacle Financial Partners Inc. acquired a new stake in shares of ONEOK in the 1st quarter worth about $27,000. Buffington Mohr McNeal acquired a new stake in shares of ONEOK in the 1st quarter worth about $28,000. IMA Wealth Inc. acquired a new stake in shares of ONEOK in the 2nd quarter worth about $32,000. Finally, Liberty Wealth Management LLC acquired a new stake in shares of ONEOK in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 74.69% of the company’s stock.
OKE stock traded up $3.39 during trading on Wednesday, reaching $70.60. The stock had a trading volume of 1,141,256 shares, compared to its average volume of 1,588,607. ONEOK, Inc. has a one year low of $50.26 and a one year high of $71.43. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.79 and a quick ratio of 0.55. The stock has a 50 day moving average price of $68.34. The stock has a market cap of $28.07 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 5.04%. This is an increase from ONEOK’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Monday, August 5th. ONEOK’s dividend payout ratio is presently 124.46%.
OKE has been the topic of a number of analyst reports. Citigroup lowered shares of BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. UBS Group lowered shares of Guangshen Railway Co. Ltd ADR Class H from a “buy” rating to a “neutral” rating in a report on Wednesday, April 3rd. Seaport Global Securities lowered shares of ONEOK from a “buy” rating to a “neutral” rating and set a $69.07 target price on the stock. in a report on Monday, April 22nd. Raymond James initiated coverage on shares of Solar Capital in a report on Tuesday, April 16th. They issued an “outperform” rating and a $22.50 target price on the stock. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of ONEOK in a report on Wednesday, June 5th. They issued a “neutral” rating and a $74.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $71.45.
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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