ONEOK, Inc. (NYSE:OKE) Shares Purchased by Meadow Creek Investment Management LLC

Meadow Creek Investment Management LLC lifted its stake in ONEOK, Inc. (NYSE:OKE) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,384 shares of the utilities provider’s stock after purchasing an additional 3,792 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in ONEOK were worth $1,540,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Ballentine Partners LLC increased its stake in ONEOK by 18.3% during the second quarter. Ballentine Partners LLC now owns 25,538 shares of the utilities provider’s stock worth $1,758,000 after acquiring an additional 3,955 shares during the last quarter. Retirement Systems of Alabama increased its stake in ONEOK by 0.4% during the second quarter. Retirement Systems of Alabama now owns 192,488 shares of the utilities provider’s stock worth $13,245,000 after acquiring an additional 822 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its stake in ONEOK by 4.3% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 31,948 shares of the utilities provider’s stock worth $2,231,000 after acquiring an additional 1,331 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in ONEOK by 5.0% during the first quarter. Wetherby Asset Management Inc. now owns 14,063 shares of the utilities provider’s stock worth $982,000 after acquiring an additional 672 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in ONEOK by 17.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 480,799 shares of the utilities provider’s stock worth $33,579,000 after acquiring an additional 73,086 shares during the last quarter. 74.45% of the stock is owned by hedge funds and other institutional investors.

NYSE OKE traded up $0.78 during trading on Friday, reaching $74.71. 44,320 shares of the company’s stock were exchanged, compared to its average volume of 1,775,139. The company has a 50 day moving average price of $69.81 and a two-hundred day moving average price of $68.30. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.60 and a current ratio of 0.81. ONEOK, Inc. has a 1 year low of $50.26 and a 1 year high of $74.65. The stock has a market cap of $30.36 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.06 and a beta of 1.13.



ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, July 30th. The utilities provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. ONEOK had a return on equity of 19.30% and a net margin of 10.67%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was down 17.0% compared to the same quarter last year. Research analysts forecast that ONEOK, Inc. will post 3.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.89 per share. The ex-dividend date was Monday, August 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.77%. This is a boost from ONEOK’s previous quarterly dividend of $0.87. ONEOK’s payout ratio is 128.06%.

Several equities research analysts have issued reports on the company. UBS Group raised ONEOK from a “neutral” rating to a “buy” rating and raised their target price for the stock from $69.00 to $75.00 in a research note on Monday, August 12th. Zacks Investment Research lowered ONEOK from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Credit Suisse Group raised their price target on ONEOK from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Argus raised their price target on ONEOK to $82.00 and gave the stock an “average” rating in a research report on Tuesday, August 6th. Finally, Mitsubishi UFJ Financial Group raised their price target on ONEOK to $77.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $72.37.

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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