Millennium Management LLC grew its holdings in ONEOK, Inc. (NYSE:OKE) by 481.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,804,636 shares of the utilities provider’s stock after purchasing an additional 2,322,618 shares during the period. Millennium Management LLC owned about 0.68% of ONEOK worth $149,908,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in OKE. Tortoise Capital Advisors L.L.C. increased its stake in ONEOK by 269.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,348,843 shares of the utilities provider’s stock worth $739,659,000 after purchasing an additional 9,737,701 shares during the period. Harvest Fund Advisors LLC purchased a new stake in ONEOK in the third quarter worth $414,256,000. Kayne Anderson Capital Advisors LP increased its stake in ONEOK by 184.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 9,476,645 shares of the utilities provider’s stock worth $525,098,000 after purchasing an additional 6,148,494 shares during the period. Deutsche Bank AG increased its stake in ONEOK by 243.8% in the fourth quarter. Deutsche Bank AG now owns 4,024,751 shares of the utilities provider’s stock worth $215,116,000 after purchasing an additional 2,854,010 shares during the period. Finally, Center Coast Capital Advisors LP purchased a new stake in ONEOK in the third quarter worth $99,520,000. Institutional investors and hedge funds own 68.50% of the company’s stock.
In related news, VP Sheppard F. Miers III sold 2,200 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.70, for a total transaction of $124,740.00. Following the sale, the vice president now owns 31,244 shares of the company’s stock, valued at $1,771,534.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.
Shares of ONEOK, Inc. (NYSE:OKE) opened at $57.76 on Wednesday. ONEOK, Inc. has a 12-month low of $47.14 and a 12-month high of $61.36. The firm has a market capitalization of $23,720.00, a PE ratio of 59.55, a P/E/G ratio of 2.91 and a beta of 1.26. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.50 and a current ratio of 0.66.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 26th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the company earned $0.43 earnings per share. equities analysts expect that ONEOK, Inc. will post 2.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, January 29th were given a dividend of $0.77 per share. The ex-dividend date was Friday, January 26th. This represents a $3.08 dividend on an annualized basis and a yield of 5.33%. This is an increase from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s dividend payout ratio (DPR) is presently 317.53%.
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.
Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONEOK, Inc. (NYSE:OKE).
Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.