Robecosam AG grew its stake in ONEOK, Inc. (NYSE:OKE) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,800 shares of the utilities provider’s stock after purchasing an additional 2,779 shares during the period. Robecosam AG’s holdings in ONEOK were worth $1,861,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Delpha Capital Management LLC acquired a new stake in shares of ONEOK during the 4th quarter valued at about $134,000. Tower Research Capital LLC TRC boosted its position in shares of ONEOK by 562.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 2,322 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of ONEOK during the 3rd quarter valued at about $150,000. Sun Life Financial INC boosted its position in shares of ONEOK by 82.1% during the 3rd quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 1,261 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of ONEOK during the 3rd quarter valued at about $169,000. Institutional investors own 68.50% of the company’s stock.
In other ONEOK news, VP Sheppard F. Miers III sold 2,200 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $56.70, for a total value of $124,740.00. Following the completion of the transaction, the vice president now directly owns 31,244 shares of the company’s stock, valued at $1,771,534.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
ONEOK, Inc. (OKE) opened at $57.76 on Wednesday. The company has a market cap of $23,648.42, a PE ratio of 43.43, a price-to-earnings-growth ratio of 2.91 and a beta of 1.26. ONEOK, Inc. has a 12-month low of $47.14 and a 12-month high of $61.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.66 and a quick ratio of 0.50.
ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 26th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. ONEOK had a net margin of 3.19% and a return on equity of 10.46%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. equities research analysts predict that ONEOK, Inc. will post 2.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 26th. This is an increase from ONEOK’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.33%. ONEOK’s payout ratio is currently 231.58%.
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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.
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