ONEOK, Inc. (OKE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 23.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,593 shares of the utilities provider’s stock after purchasing an additional 209,899 shares during the quarter. Dimensional Fund Advisors LP owned 0.29% of ONEOK worth $62,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ropes Wealth Advisors LLC bought a new position in shares of ONEOK during the second quarter valued at $103,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. lifted its holdings in shares of ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of ONEOK by 332.8% during the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Highlander Capital Management LLC bought a new position in shares of ONEOK during the second quarter valued at $154,000. 70.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ONEOK, Inc. (NYSE OKE) opened at $53.45 on Friday. The company has a market capitalization of $20,510.03, a price-to-earnings ratio of 33.41, a P/E/G ratio of 3.34 and a beta of 1.26. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a 1 year low of $47.14 and a 1 year high of $59.30.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same quarter last year, the company posted $0.43 EPS. equities analysts forecast that ONEOK, Inc. will post 1.78 EPS for the current year.

A number of research analysts have recently issued reports on OKE shares. Barclays started coverage on ONEOK in a report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $58.00 price target on shares of ONEOK in a report on Monday, September 11th. Mizuho started coverage on ONEOK in a report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target on shares of ONEOK in a report on Thursday, October 12th. Finally, Zacks Investment Research raised ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Tuesday, October 17th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.07.

In other news, Director Brian L. Derksen acquired 1,800 shares of ONEOK stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $51.00 per share, for a total transaction of $91,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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ONEOK Company Profile

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.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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