Robecosam AG Lowers Holdings in ONEOK, Inc. (NYSE:OKE)

Robecosam AG cut its position in ONEOK, Inc. (NYSE:OKE) by 51.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,830 shares of the utilities provider’s stock after selling 21,100 shares during the quarter. Robecosam AG’s holdings in ONEOK were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKE. Liberty Wealth Management LLC increased its holdings in shares of ONEOK by 25.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 748 shares of the utilities provider’s stock worth $52,000 after buying an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of ONEOK by 36.8% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 569 shares of the utilities provider’s stock worth $40,000 after buying an additional 153 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of ONEOK by 24.7% in the 1st quarter. Global Retirement Partners LLC now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 158 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of ONEOK by 1.2% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,140 shares of the utilities provider’s stock worth $904,000 after buying an additional 160 shares during the last quarter. Finally, Boenning & Scattergood Inc. grew its holdings in shares of ONEOK by 5.5% during the 2nd quarter. Boenning & Scattergood Inc. now owns 3,850 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 74.39% of the company’s stock.

Several equities analysts recently commented on the stock. Mitsubishi UFJ Financial Group increased their target price on shares of ONEOK to $77.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. UBS Group raised shares of ONEOK from a “neutral” rating to a “buy” rating and increased their target price for the company from $69.00 to $75.00 in a report on Monday. Citigroup increased their target price on shares of ONEOK from $67.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research lowered shares of ONEOK from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Argus increased their target price on shares of ONEOK to $82.00 and gave the company an “average” rating in a report on Tuesday, August 6th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. ONEOK presently has a consensus rating of “Hold” and an average target price of $72.37.

OKE traded down $1.28 during trading on Wednesday, hitting $68.36. 68,432 shares of the stock traded hands, compared to its average volume of 2,320,417. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 1.94 and a beta of 1.17. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.81 and a quick ratio of 0.60. The company has a 50-day moving average price of $69.27. ONEOK, Inc. has a 12-month low of $50.26 and a 12-month high of $72.38.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.87 billion. ONEOK had a net margin of 10.67% and a return on equity of 19.30%. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 3.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $3.56 annualized dividend and a yield of 5.21%. This is a boost from ONEOK’s previous quarterly dividend of $0.87. ONEOK’s dividend payout ratio is presently 128.06%.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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