Breton Hill Capital Ltd. reduced its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 52.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,208 shares of the utilities provider’s stock after selling 22,369 shares during the period. Breton Hill Capital Ltd.’s holdings in ONEOK were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in ONEOK by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 912,694 shares of the utilities provider’s stock valued at $47,603,000 after buying an additional 13,443 shares in the last quarter. Cipher Capital LP increased its position in ONEOK by 166.9% during the 2nd quarter. Cipher Capital LP now owns 56,337 shares of the utilities provider’s stock valued at $2,938,000 after buying an additional 35,228 shares in the last quarter. Crawford Investment Counsel Inc. increased its position in ONEOK by 61.2% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 40,635 shares of the utilities provider’s stock valued at $2,120,000 after buying an additional 15,427 shares in the last quarter. Wells Fargo & Company MN increased its position in ONEOK by 42.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,010,968 shares of the utilities provider’s stock valued at $52,732,000 after buying an additional 302,407 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in ONEOK during the 2nd quarter valued at about $2,358,000. 52.51% of the stock is currently owned by institutional investors.
Shares of ONEOK, Inc. (NYSE OKE) traded down $0.24 on Friday, hitting $52.75. The stock had a trading volume of 248,820 shares, compared to its average volume of 3,285,564. ONEOK, Inc. has a 1 year low of $46.82 and a 1 year high of $59.47. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $20,360.49, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 3.84 and a beta of 1.29.
ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company earned $0.43 EPS. equities research analysts expect that ONEOK, Inc. will post 1.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.65%. ONEOK’s payout ratio is 186.25%.
Several analysts have weighed in on the company. BidaskClub upgraded ONEOK from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. UBS AG boosted their price target on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Mizuho assumed coverage on ONEOK in a research note on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target on the stock. Barclays PLC assumed coverage on ONEOK in a research note on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 price target on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $52.00 price target (up previously from $51.00) on shares of ONEOK in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. ONEOK currently has an average rating of “Hold” and a consensus price target of $59.07.
ONEOK Company Profile
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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