UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,921,784 shares of the utilities provider’s stock after purchasing an additional 7,768 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.67% of ONEOK worth $357,392,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Matrix Trust Co bought a new position in shares of ONEOK during the 3rd quarter worth about $29,000. Quest Partners LLC bought a new position in ONEOK during the second quarter valued at about $28,000. Ridgewood Investments LLC bought a new position in ONEOK during the second quarter valued at about $31,000. Access Investment Management LLC bought a new position in ONEOK during the third quarter valued at about $37,000. Finally, Values First Advisors Inc. bought a new position in ONEOK in the third quarter worth $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.
Insider Activity
In related news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Research Report on ONEOK
ONEOK Price Performance
Shares of OKE stock opened at $112.59 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12 month low of $65.49 and a 12 month high of $118.07. The firm has a market cap of $65.77 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 5.69 and a beta of 1.66. The stock has a 50-day moving average price of $100.35 and a 200 day moving average price of $89.78.
ONEOK (NYSE:OKE – Get Free Report) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the business posted $0.99 EPS. Research analysts expect that ONEOK, Inc. will post 5.08 EPS for the current year.
ONEOK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.
ONEOK Profile
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
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