ONEOK, Inc. (NYSE:OKE) Shares Purchased by Czech National Bank

Czech National Bank raised its position in ONEOK, Inc. (NYSE:OKEFree Report) by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 102,500 shares of the utilities provider’s stock after purchasing an additional 470 shares during the period. Czech National Bank’s holdings in ONEOK were worth $8,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OKE. QRG Capital Management Inc. acquired a new position in ONEOK during the third quarter worth about $733,000. Envestnet Asset Management Inc. lifted its stake in ONEOK by 19.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 894,951 shares of the utilities provider’s stock valued at $56,767,000 after buying an additional 144,221 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in ONEOK during the 3rd quarter valued at $469,000. Nordea Investment Management AB increased its position in ONEOK by 42.8% during the third quarter. Nordea Investment Management AB now owns 33,844 shares of the utilities provider’s stock worth $2,149,000 after buying an additional 10,151 shares in the last quarter. Finally, FMR LLC increased its position in ONEOK by 7.9% during the third quarter. FMR LLC now owns 549,701 shares of the utilities provider’s stock worth $34,867,000 after buying an additional 40,408 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Truist Financial raised their price target on shares of ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. US Capital Advisors lowered shares of ONEOK from an “overweight” rating to a “hold” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. raised their target price on shares of ONEOK from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their target price on shares of ONEOK from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $84.25.

View Our Latest Report on ONEOK

ONEOK Trading Up 1.2 %

NYSE:OKE traded up $0.99 on Thursday, hitting $81.05. 2,944,716 shares of the stock were exchanged, compared to its average volume of 2,837,697. The stock has a fifty day moving average of $79.83 and a 200-day moving average of $75.23. The stock has a market cap of $47.30 billion, a PE ratio of 18.85, a PEG ratio of 4.29 and a beta of 1.65. The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24. ONEOK, Inc. has a fifty-two week low of $57.37 and a fifty-two week high of $83.31.

ONEOK (NYSE:OKEGet Free Report) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. During the same quarter in the prior year, the company earned $2.34 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 4.94 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.99 per share. The ex-dividend date was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.89%. ONEOK’s payout ratio is 92.09%.

ONEOK Profile

(Free Report)

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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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