Blackhill Capital Inc. cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,777 shares of the utilities provider’s stock after selling 985 shares during the period. Blackhill Capital Inc.’s holdings in ONEOK were worth $2,180,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its stake in shares of ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. boosted its stake in shares of ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of ONEOK by 332.8% during the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 1,744 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of ONEOK during the third quarter valued at approximately $150,000. Finally, Sun Life Financial INC boosted its stake in shares of ONEOK by 82.1% during the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 1,261 shares in the last quarter. Hedge funds and other institutional investors own 66.52% of the company’s stock.
Several equities research analysts have weighed in on the stock. Mizuho restated a “hold” rating and issued a $61.00 target price on shares of ONEOK in a research note on Tuesday, January 23rd. Barclays upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $58.00 to $67.00 in a research note on Wednesday, January 17th. BMO Capital Markets restated a “buy” rating and issued a $64.00 target price on shares of ONEOK in a research note on Tuesday, January 16th. Royal Bank of Canada upgraded shares of ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co upgraded shares of ONEOK from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. ONEOK has a consensus rating of “Buy” and a consensus target price of $59.85.
In related news, Director Brian L. Derksen purchased 1,800 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.
Shares of ONEOK, Inc. (NYSE OKE) opened at $55.56 on Tuesday. The firm has a market cap of $22,650.00, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. ONEOK, Inc. has a one year low of $47.14 and a one year high of $61.36. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th will be issued a $0.77 dividend. The ex-dividend date is Friday, January 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.54%. This is a boost from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s dividend payout ratio (DPR) is currently 192.50%.
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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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