Ontario Teachers Pension Plan Board increased its position in ONEOK, Inc. (NYSE:OKE) by 32.3% during the third quarter, Holdings Channel reports. The institutional investor owned 8,832 shares of the company’s stock after buying an additional 2,155 shares during the period. Ontario Teachers Pension Plan Board’s holdings in ONEOK were worth $454,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of ONEOK by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 877,371 shares of the company’s stock worth $41,632,000 after buying an additional 3,801 shares in the last quarter. Trust Investment Advisors increased its position in shares of ONEOK by 3.6% in the second quarter. Trust Investment Advisors now owns 40,450 shares of the company’s stock worth $1,919,000 after buying an additional 1,400 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of ONEOK by 1.2% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 17,129 shares of the company’s stock worth $813,000 after buying an additional 202 shares during the period. Hanlon Investment Management Inc. acquired a new position in shares of ONEOK during the second quarter worth about $10,464,000. Finally, Quantbot Technologies LP acquired a new position in shares of ONEOK during the second quarter worth about $4,910,000. 72.46% of the stock is owned by institutional investors and hedge funds.
ONEOK, Inc. (NYSE:OKE) traded up 0.34% during trading on Friday, reaching $55.31. The company had a trading volume of 2,728,017 shares. ONEOK, Inc. has a 12 month low of $19.94 and a 12 month high of $59.47. The stock has a 50 day moving average price of $56.39 and a 200 day moving average price of $51.43. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 40.85 and a beta of 1.19.
The firm also recently announced 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 annualized dividend and a yield of 4.45%. The ex-dividend date is Thursday, January 26th. ONEOK’s payout ratio is currently 182.22%.
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A number of equities analysts recently issued reports on the company. Credit Suisse Group AG raised ONEOK from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a report on Thursday, February 2nd. Citigroup Inc. cut ONEOK from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price objective on shares of ONEOK in a research note on Thursday, November 3rd. Zacks Investment Research cut ONEOK from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 3rd. Finally, Barclays PLC cut ONEOK from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $49.00 to $58.00 in a research note on Tuesday, December 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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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