Horseman Capital Management Ltd boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the utilities provider’s stock after acquiring an additional 5,000 shares during the period. Horseman Capital Management Ltd’s holdings in ONEOK were worth $1,385,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CHICAGO TRUST Co NA grew its holdings in ONEOK by 0.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,020 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 20 shares in the last quarter. New Amsterdam Partners LLC NY grew its holdings in ONEOK by 0.6% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 58 shares in the last quarter. Stephens Inc. AR grew its holdings in ONEOK by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock worth $805,000 after acquiring an additional 58 shares in the last quarter. Utah Retirement Systems grew its holdings in ONEOK by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 38,294 shares of the utilities provider’s stock worth $1,997,000 after acquiring an additional 100 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in ONEOK by 2.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,034 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 51.78% of the company’s stock.
Shares of ONEOK, Inc. (OKE) traded up 1.57% during trading on Wednesday, hitting $55.12. 558,871 shares of the stock were exchanged. ONEOK, Inc. has a 12-month low of $45.41 and a 12-month high of $59.47. The stock has a 50-day moving average of $55.66 and a 200 day moving average of $53.14. The stock has a market cap of $20.95 billion, a P/E ratio of 34.54 and a beta of 1.30.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities analysts predict that ONEOK, Inc. will post $1.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Friday, November 3rd. ONEOK’s dividend payout ratio (DPR) is presently 186.25%.
OKE has been the subject of several analyst reports. Barclays PLC initiated coverage on shares of ONEOK in a report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 price target for the company. Morgan Stanley cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 target price for the company. in a report on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and issued a $52.00 target price (up previously from $51.00) on shares of ONEOK in a report on Friday, September 1st. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $58.00 target price on shares of ONEOK in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $58.86.
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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