Nomura Asset Management Co. Ltd. raised its position in ONEOK, Inc. (NYSE:OKE) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,913 shares of the utilities provider’s stock after purchasing an additional 2,860 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ONEOK were worth $4,198,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC raised its holdings in shares of ONEOK by 40.8% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,535 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 735 shares during the period. Trillium Asset Management LLC raised its holdings in shares of ONEOK by 0.6% in the 2nd quarter. Trillium Asset Management LLC now owns 142,714 shares of the utilities provider’s stock worth $9,966,000 after purchasing an additional 799 shares during the period. State Treasurer State of Michigan raised its holdings in shares of ONEOK by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 121,726 shares of the utilities provider’s stock worth $8,500,000 after purchasing an additional 800 shares during the period. Keel Point LLC raised its holdings in shares of ONEOK by 16.0% in the 3rd quarter. Keel Point LLC now owns 5,859 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 806 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of ONEOK by 25.5% in the 3rd quarter. Advisory Services Network LLC now owns 4,100 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 832 shares during the period. Institutional investors own 74.40% of the company’s stock.

OKE stock opened at $62.28 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.25. ONEOK, Inc. has a 52-week low of $49.65 and a 52-week high of $71.99. The company has a market cap of $25.59 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. ONEOK had a return on equity of 16.32% and a net margin of 6.96%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $0.43 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 2.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Monday, November 5th were issued a dividend of $0.855 per share. The ex-dividend date of this dividend was Friday, November 2nd. This is an increase from ONEOK’s previous quarterly dividend of $0.83. This represents a $3.42 annualized dividend and a yield of 5.49%. ONEOK’s payout ratio is currently 194.32%.

Several brokerages recently commented on OKE. Seaport Global Securities upgraded ONEOK from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, October 19th. Credit Suisse Group began coverage on ONEOK in a report on Thursday, October 11th. They set a “neutral” rating and a $74.00 target price on the stock. ValuEngine upgraded ONEOK from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Goldman Sachs Group began coverage on ONEOK in a report on Monday, October 8th. They set a “neutral” rating and a $68.00 target price on the stock. Finally, Bank of America upgraded ONEOK from a “neutral” rating to a “buy” rating and raised their target price for the company from $71.00 to $75.00 in a report on Friday, November 2nd. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. ONEOK has an average rating of “Buy” and a consensus target price of $70.31.

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ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

Read More: Outstanding Shares

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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