Czech National Bank Purchases 8,719 Shares of ONEOK, Inc. (NYSE:OKE)

Czech National Bank raised its position in ONEOK, Inc. (NYSE:OKE) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,219 shares of the utilities provider’s stock after purchasing an additional 8,719 shares during the period. Czech National Bank’s holdings in ONEOK were worth $9,070,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of ONEOK by 21.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,408,725 shares of the utilities provider’s stock worth $871,341,000 after acquiring an additional 2,153,295 shares in the last quarter. Northern Trust Corp lifted its holdings in ONEOK by 1.5% during the 4th quarter. Northern Trust Corp now owns 5,754,127 shares of the utilities provider’s stock worth $404,055,000 after purchasing an additional 85,736 shares during the last quarter. Norges Bank bought a new stake in ONEOK in the 4th quarter valued at $297,948,000. Kayne Anderson Capital Advisors LP lifted its holdings in shares of ONEOK by 28.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider’s stock worth $297,059,000 after buying an additional 825,464 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of ONEOK by 12.3% in the first quarter. First Eagle Investment Management LLC now owns 3,465,068 shares of the utilities provider’s stock valued at $277,795,000 after acquiring an additional 378,509 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.1 %

Shares of ONEOK stock traded up $0.10 during midday trading on Monday, reaching $85.10. The company had a trading volume of 316,684 shares, compared to its average volume of 2,763,485. The stock has a fifty day moving average price of $81.67 and a 200 day moving average price of $78.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. ONEOK, Inc. has a fifty-two week low of $60.58 and a fifty-two week high of $86.20. The firm has a market cap of $49.67 billion, a PE ratio of 19.77, a P/E/G ratio of 4.37 and a beta of 1.65.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same quarter in the prior year, the company earned $1.04 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.02 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, August 1st will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.65%. ONEOK’s payout ratio is presently 92.09%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OKE shares. Morgan Stanley boosted their price objective on shares of ONEOK from $90.00 to $93.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Tudor Pickering raised ONEOK to a “hold” rating in a research report on Thursday, July 18th. Wells Fargo & Company lifted their price objective on ONEOK from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Finally, Mizuho boosted their price target on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, ONEOK presently has an average rating of “Hold” and an average price target of $85.50.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.