ONEOK, Inc. (NYSE:OKE) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in ONEOK, Inc. (NYSE:OKE) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 742,649 shares of the utilities provider’s stock after purchasing an additional 72,241 shares during the period. American Century Companies Inc. owned approximately 0.13% of ONEOK worth $60,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of ONEOK in the 1st quarter valued at $25,000. LifeSteps Financial Inc. acquired a new position in shares of ONEOK in the 1st quarter valued at $26,000. Quest Partners LLC acquired a new position in ONEOK during the 2nd quarter worth about $28,000. Ridgewood Investments LLC acquired a new position in ONEOK during the 2nd quarter worth about $31,000. Finally, American National Bank acquired a new position in ONEOK during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the topic of several research reports. Tudor Pickering raised ONEOK to a “hold” rating in a research note on Thursday, July 18th. Morgan Stanley increased their target price on ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. Scotiabank increased their target price on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 30th. Royal Bank of Canada increased their target price on ONEOK from $84.00 to $89.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. increased their price target on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, ONEOK has an average rating of “Hold” and an average price target of $89.92.

ONEOK Trading Up 1.0 %

OKE opened at $91.37 on Monday. ONEOK, Inc. has a one year low of $60.58 and a one year high of $93.00. The company has a market cap of $53.33 billion, a P/E ratio of 21.25, a PEG ratio of 4.47 and a beta of 1.67. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62. The business’s 50-day simple moving average is $86.12 and its 200-day simple moving average is $81.87.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the business posted $1.04 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a yield of 4.33%. ONEOK’s dividend payout ratio is presently 92.09%.

Insider Buying and Selling

In related news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

About ONEOK

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.