Axa S.A. Has $12.24 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Axa S.A. lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,133 shares of the utilities provider’s stock after selling 21,883 shares during the period. Axa S.A.’s holdings in ONEOK were worth $12,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in ONEOK by 11.6% during the 4th quarter. TD Asset Management Inc now owns 208,063 shares of the utilities provider’s stock worth $14,610,000 after buying an additional 21,657 shares during the period. Stifel Financial Corp raised its position in shares of ONEOK by 2.3% during the fourth quarter. Stifel Financial Corp now owns 714,948 shares of the utilities provider’s stock worth $50,204,000 after purchasing an additional 15,954 shares during the period. Focus Financial Network Inc. ADV acquired a new position in shares of ONEOK during the fourth quarter worth approximately $922,000. TFO Wealth Partners LLC lifted its holdings in shares of ONEOK by 95,275.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,630 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 7,622 shares in the last quarter. Finally, Sprinkle Financial Consultants LLC acquired a new stake in ONEOK in the 4th quarter valued at $2,888,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $90.22 on Friday. ONEOK, Inc. has a 1 year low of $60.58 and a 1 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’s fifty day moving average price is $87.95 and its two-hundred day moving average price is $82.87. The firm has a market cap of $52.69 billion, a PE ratio of 20.98, a PEG ratio of 4.71 and a beta of 1.67.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, equities research analysts forecast that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a yield of 4.39%. ONEOK’s payout ratio is 92.09%.

Wall Street Analyst Weigh In

Several research firms have weighed in on OKE. JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Barclays boosted their price objective on ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Scotiabank raised their target price on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada increased their price target on ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.