ONEOK, Inc. (NYSE:OKE) Shares Acquired by Presima Securities ULC

Presima Securities ULC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,350 shares of the utilities provider’s stock after buying an additional 200 shares during the quarter. Presima Securities ULC’s holdings in ONEOK were worth $852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of ONEOK by 2,643.5% during the 4th quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock worth $82,209,000 after purchasing an additional 1,128,066 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in ONEOK during the fourth quarter worth about $103,000. CWM LLC grew its position in ONEOK by 1.8% during the first quarter. CWM LLC now owns 37,603 shares of the utilities provider’s stock worth $3,015,000 after buying an additional 676 shares during the period. GAMMA Investing LLC lifted its position in shares of ONEOK by 11.3% during the 1st quarter. GAMMA Investing LLC now owns 5,450 shares of the utilities provider’s stock valued at $437,000 after acquiring an additional 554 shares during the period. Finally, Rise Advisors LLC purchased a new stake in shares of ONEOK during the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Activity

In related news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on OKE. Royal Bank of Canada raised their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday. Mizuho raised their price target on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Tudor Pickering raised ONEOK to a “hold” rating in a research note on Thursday, July 18th. Barclays increased their price objective on shares of ONEOK from $82.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company lifted their target price on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $93.08.

ONEOK Stock Performance

Shares of OKE opened at $95.65 on Thursday. The company has a market capitalization of $55.83 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 4.68 and a beta of 1.67. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62. ONEOK, Inc. has a 1 year low of $63.33 and a 1 year high of $98.01. The company’s 50 day simple moving average is $91.32 and its 200 day simple moving average is $84.44.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same quarter in the prior year, the company posted $1.04 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 4.14%. ONEOK’s dividend payout ratio (DPR) is 92.09%.

ONEOK Profile

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.