Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 70.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,122,893 shares of the utilities provider’s stock after buying an additional 463,556 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of ONEOK worth $62,220,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in ONEOK by 17.3% in the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock worth $1,418,645,000 after buying an additional 4,002,795 shares during the last quarter. BlackRock Inc. grew its position in ONEOK by 28.4% in the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock worth $1,252,605,000 after buying an additional 5,317,251 shares during the last quarter. State Street Corp grew its position in ONEOK by 53.7% in the second quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock worth $908,434,000 after buying an additional 6,086,061 shares during the last quarter. Neuberger Berman Group LLC grew its position in ONEOK by 6.1% in the second quarter. Neuberger Berman Group LLC now owns 9,098,662 shares of the utilities provider’s stock worth $474,586,000 after buying an additional 526,450 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in ONEOK by 13.2% in the third quarter. Bank of New York Mellon Corp now owns 7,724,860 shares of the utilities provider’s stock worth $428,034,000 after buying an additional 899,502 shares during the last quarter. Hedge funds and other institutional investors own 53.22% of the company’s stock.

Shares of ONEOK, Inc. (NYSE:OKE) opened at $50.67 on Friday. The stock has a market cap of $19,428.75, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 3.66 and a beta of 1.29. ONEOK, Inc. has a 52 week low of $47.14 and a 52 week high of $59.47. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same period last year, the business earned $0.43 EPS. equities research analysts expect that ONEOK, Inc. will post 1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend was Friday, November 3rd. ONEOK’s dividend payout ratio (DPR) is currently 186.25%.

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OKE has been the topic of several research analyst reports. BMO Capital Markets set a $62.00 price objective on shares of ONEOK and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 price objective on shares of ONEOK in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, October 17th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $58.00 price objective on shares of ONEOK in a research report on Monday, September 11th. Finally, Mizuho initiated coverage on shares of ONEOK in a research report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $59.07.

About ONEOK

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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