TD Asset Management Inc. increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 129,390 shares of the utilities provider’s stock after buying an additional 3,601 shares during the period. TD Asset Management Inc.’s holdings in ONEOK were worth $6,749,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OKE. Vanguard Group Inc. boosted its position in ONEOK by 3.9% in the first quarter. Vanguard Group Inc. now owns 23,195,157 shares of the utilities provider’s stock valued at $1,285,939,000 after buying an additional 875,668 shares during the last quarter. BlackRock Inc. boosted its position in ONEOK by 2,987.9% in the first quarter. BlackRock Inc. now owns 18,697,403 shares of the utilities provider’s stock valued at $1,036,584,000 after buying an additional 18,091,903 shares during the last quarter. State Street Corp boosted its position in ONEOK by 6.1% in the first quarter. State Street Corp now owns 11,330,235 shares of the utilities provider’s stock valued at $628,143,000 after buying an additional 649,957 shares during the last quarter. Neuberger Berman Group LLC boosted its position in ONEOK by 16.1% in the first quarter. Neuberger Berman Group LLC now owns 8,572,212 shares of the utilities provider’s stock valued at $475,243,000 after buying an additional 1,190,284 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in ONEOK by 15.9% in the first quarter. Bank of New York Mellon Corp now owns 5,455,920 shares of the utilities provider’s stock valued at $302,476,000 after buying an additional 749,725 shares during the last quarter. 80.89% of the stock is owned by institutional investors.

Shares of ONEOK, Inc. (NYSE OKE) opened at 50.36 on Friday. ONEOK, Inc. has a 12-month low of $45.41 and a 12-month high of $59.47. The company has a market cap of $19.14 billion, a price-to-earnings ratio of 31.55 and a beta of 1.31. The stock has a 50 day moving average of $53.25 and a 200 day moving average of $52.92.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.12. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $0.40 EPS. Equities research analysts predict that ONEOK, Inc. will post $1.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a $0.745 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.92%. This is a positive change from ONEOK’s previous quarterly dividend of $0.62. ONEOK’s dividend payout ratio is currently 186.25%.

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OKE has been the subject of a number of recent research reports. Morgan Stanley cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a research note on Wednesday, July 5th. BidaskClub raised shares of ONEOK from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of ONEOK from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets raised shares of ONEOK from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $53.00 to $59.00 in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.15.

In related news, Director Eduardo A. Rodriguez sold 2,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $50.34, for a total value of $100,680.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,412.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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