Quantinno Capital Management LP lifted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 27.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,500 shares of the utilities provider's stock after acquiring an additional 11,898 shares during the quarter. Quantinno Capital Management LP's holdings in ONEOK were worth $4,967,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in 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 buying an additional 3,197,121 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ONEOK by 3.9% during the third 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 acquiring an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ONEOK during the third quarter worth $47,957,000. Bahl & Gaynor Inc. lifted its holdings in ONEOK by 3,648.4% during the second quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider's stock worth $41,995,000 after acquiring an additional 501,216 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in ONEOK by 3,137.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 405,158 shares of the utilities provider's stock valued at $330,000 after purchasing an additional 392,644 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.
NYSE OKE opened at $109.00 on Friday. The company's 50 day simple moving average is $102.43 and its two-hundred day simple moving average is $91.02. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a 1 year low of $65.49 and a 1 year high of $118.07. The stock has a market capitalization of $63.68 billion, a PE ratio of 22.80, a P/E/G ratio of 5.48 and a beta of 1.69.
ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the business posted $0.99 EPS. Analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Friday, November 1st. ONEOK's dividend payout ratio (DPR) is 82.85%.
A number of equities analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a "sector outperform" rating in a report on Friday, August 30th. Bank of America started coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a "buy" rating and a $105.00 target price on the stock. Royal Bank of Canada raised their price target on shares of ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 16th. Morgan Stanley raised ONEOK from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $103.00 to $111.00 in a report on Monday, September 16th. Finally, US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and an average target price of $101.00.
Read Our Latest Report on ONEOK
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.
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