Mutual of America Capital Management LLC trimmed its holdings in ONEOK, Inc. (NYSE:OKE – Free Report) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 73,601 shares of the utilities provider’s stock after selling 2,777 shares during the period. Mutual of America Capital Management LLC’s holdings in ONEOK were worth $6,002,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of ONEOK in the 1st quarter valued at approximately $25,000. LifeSteps Financial Inc. acquired a new stake in shares of ONEOK during the first quarter worth $26,000. Quest Partners LLC purchased a new position in ONEOK in the 2nd quarter valued at $28,000. Ridgewood Investments LLC acquired a new position in ONEOK in the 2nd quarter valued at $31,000. Finally, American National Bank purchased a new position in ONEOK during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.
Insider Activity at ONEOK
In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction 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 currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on ONEOK
ONEOK Stock Performance
Shares of OKE opened at $93.97 on Friday. ONEOK, Inc. has a 12-month low of $60.58 and a 12-month high of $95.28. The stock has a market cap of $54.89 billion, a P/E ratio of 21.85, a PEG ratio of 4.64 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. The company has a 50-day moving average of $87.24 and a two-hundred day moving average of $82.42.
ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same period in the previous year, the firm posted $1.04 EPS. As a group, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.
ONEOK Dividend Announcement
The business also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, August 1st. ONEOK’s dividend payout ratio is presently 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.
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