ONEOK, Inc. (NYSE:OKE) Stock Holdings Decreased by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its position in ONEOK, Inc. (NYSE:OKE) by 38.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,941,640 shares of the utilities provider’s stock after selling 1,224,387 shares during the quarter. Clearbridge Investments LLC owned approximately 0.33% of ONEOK worth $158,341,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of ONEOK by 2,643.5% during the fourth quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock valued at $82,209,000 after buying an additional 1,128,066 shares in the last quarter. M&G Plc acquired a new stake in shares of ONEOK during the first quarter worth approximately $77,634,000. Kayne Anderson Capital Advisors LP grew its position in 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 valued at $297,059,000 after purchasing an additional 825,464 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in ONEOK by 36.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,076,078 shares of the utilities provider’s stock valued at $145,782,000 after buying an additional 552,824 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in ONEOK by 3,648.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 514,954 shares of the utilities provider’s stock worth $41,995,000 after buying an additional 501,216 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

ONEOK Stock Up 1.3 %

Shares of OKE stock opened at $92.31 on Wednesday. ONEOK, Inc. has a one year low of $60.58 and a one year high of $96.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. The stock has a fifty day moving average price of $88.40 and a 200 day moving average price of $83.25. The stock has a market cap of $53.88 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the business earned $1.04 EPS. Analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were given a dividend of $0.99 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.29%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

Analyst Ratings Changes

Several equities analysts have recently commented on OKE shares. Barclays boosted their price target on shares of ONEOK from $82.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Tudor Pickering upgraded ONEOK to a “hold” rating in a report on Thursday, July 18th. Citigroup increased their price objective on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Mizuho raised their price objective on shares of ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.38.

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.