Other institutional investors have also modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of ONEOK by 7.3% in the third quarter. BlackRock Fund Advisors now owns 12,451,431 shares of the company’s stock worth $639,879,000 after buying an additional 846,397 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of ONEOK by 2.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,848,696 shares of the company’s stock worth $300,564,000 after buying an additional 125,423 shares during the period. Bank of New York Mellon Corp raised its position in shares of ONEOK by 7.3% in the third quarter. Bank of New York Mellon Corp now owns 4,331,287 shares of the company’s stock worth $222,586,000 after buying an additional 292,815 shares during the period. Eagle Global Advisors LLC raised its position in shares of ONEOK by 0.3% in the second quarter. Eagle Global Advisors LLC now owns 2,736,796 shares of the company’s stock worth $129,861,000 after buying an additional 9,513 shares during the period. Finally, Northern Trust Corp raised its position in shares of ONEOK by 3.0% in the third quarter. Northern Trust Corp now owns 2,487,312 shares of the company’s stock worth $127,823,000 after buying an additional 71,640 shares during the period. 72.46% of the stock is owned by institutional investors and hedge funds.
Candriam Luxembourg S.C.A. raised its position in ONEOK, Inc. (NYSE:OKE) by 544.7% during the third quarter, Holdings Channel reports. The firm owned 64,610 shares of the company’s stock after buying an additional 54,588 shares during the period. Candriam Luxembourg S.C.A.’s holdings in ONEOK were worth $3,320,000 at the end of the most recent reporting period.
Shares of ONEOK, Inc. (NYSE:OKE) traded up 0.34% during midday trading on Friday, hitting $55.31. The stock had a trading volume of 2,728,017 shares. The stock has a market cap of $11.64 billion, a PE ratio of 40.85 and a beta of 1.19. ONEOK, Inc. has a 52 week low of $19.94 and a 52 week high of $59.47. The stock has a 50-day moving average of $56.39 and a 200 day moving average of $51.43.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Monday, January 30th will be paid a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Thursday, January 26th. ONEOK’s dividend payout ratio is 182.22%.
OKE has been the subject of a number of recent analyst reports. RBC Capital Markets reissued a “hold” rating and issued a $60.00 price objective on shares of ONEOK in a report on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $46.00 target price on shares of ONEOK in a research report on Sunday, October 16th. Piper Jaffray Companies upgraded ONEOK to a “buy” rating and set a $63.00 target price for the company in a research report on Saturday, February 4th. Barclays PLC downgraded ONEOK from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $49.00 to $58.00 in a research report on Tuesday, December 13th. Finally, Zacks Investment Research downgraded ONEOK from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $50.25.
ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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