Several hedge funds have recently changed their holdings in ONEOK. Park Avenue Securities increased its position by 13.1% in the first quarter, owning 7,478 shares valued at $600,000 after buying 864 more. &PARTNERS entered a new investment worth about $518,000, while Ballentine Partners raised its stake by 8.2%, owning 4,224 shares worth $339,000 after acquiring 319 additional shares. Global Assets Advisory invested approximately $3,195,000 in ONEOK, and Ignite Planners added a new stake worth about $214,000. Overall, 69.13% of ONEOK’s stock is owned by institutional investors and hedge funds.
ONEOK Price Performance
ONEOK (NYSE: OKE) opened at $97.23. It has a 1-year low of $63.33 and a high of $98.01. The company has a debt-to-equity ratio of 1.22 and market cap of $56.79 billion, with earnings per share (EPS) of $1.33, surpassing estimates. Revenue was $4.89 billion, below the expected $5.52 billion. Analysts predict an EPS of 5.09 for the current fiscal year.
ONEOK Dividend Announcement
ONEOK announced a quarterly dividend of $0.99 per share, to be paid on November 14th to investors of record on November 1st, representing an annual yield of 4.07%.
Wall Street Analysts Forecast Growth
Analysts have raised their target prices for ONEOK. Mizuho set a target of $85.00, and Morgan Stanley increased theirs to $111.00. JPMorgan and Citigroup also raised their targets to $92.00 and $102.00, respectively. The stock has a consensus rating of “Moderate Buy” with a target of $94.77.
Insider Buying and Selling
Director Pattye L. Moore sold 3,379 shares at an average of $92.01, totaling $310,901.79. Insiders currently own 0.20% of the stock.
About ONEOK
ONEOK, Inc. is involved in gathering, processing, and transporting natural gas and liquids in the U.S., operating in four segments.
Further Reading
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