Elo Mutual Pension Insurance Co Has $4.07 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Elo Mutual Pension Insurance Co lessened its stake in ONEOK, Inc. (NYSE:OKE) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,903 shares of the utilities provider’s stock after selling 12,085 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in ONEOK were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of OKE. Norges Bank acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $297,948,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of ONEOK by 91.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 22,125 shares of the utilities provider’s stock valued at $1,554,000 after buying an additional 10,580 shares during the period. Corient Private Wealth LLC raised its position in shares of ONEOK by 28.8% during the fourth quarter. Corient Private Wealth LLC now owns 158,844 shares of the utilities provider’s stock worth $11,154,000 after acquiring an additional 35,518 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of ONEOK by 25.3% during the fourth quarter. CreativeOne Wealth LLC now owns 15,361 shares of the utilities provider’s stock worth $1,078,000 after acquiring an additional 3,099 shares during the last quarter. Finally, Keystone Financial Group acquired a new position in shares of ONEOK during the fourth quarter valued at $208,000. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on OKE shares. Tudor Pickering upgraded ONEOK to a “hold” rating in a research report on Thursday, July 18th. Wells Fargo & Company lifted their price target on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Royal Bank of Canada increased their price objective on shares of ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. Scotiabank raised their price objective on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. Finally, Barclays upped their target price on shares of ONEOK from $82.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $92.38.

Insider Transactions at ONEOK

In related news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

ONEOK Stock Down 0.8 %

NYSE:OKE opened at $93.90 on Thursday. ONEOK, Inc. has a 1 year low of $60.58 and a 1 year high of $95.26. The stock has a 50-day moving average price of $86.83 and a two-hundred day moving average price of $82.22. The stock has a market cap of $54.84 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.49 and a beta of 1.67. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the firm earned $1.04 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, August 1st. ONEOK’s dividend payout ratio is 92.09%.

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.