New York State Teachers Retirement System Sells 2,015 Shares of ONEOK, Inc. (NYSE:OKE)

New York State Teachers Retirement System trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 468,701 shares of the utilities provider’s stock after selling 2,015 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of ONEOK worth $38,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of ONEOK by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,408,725 shares of the utilities provider’s stock worth $871,341,000 after purchasing an additional 2,153,295 shares in the last quarter. Northern Trust Corp boosted its position in shares of ONEOK by 1.5% in the 4th quarter. Northern Trust Corp now owns 5,754,127 shares of the utilities provider’s stock worth $404,055,000 after purchasing an additional 85,736 shares in the last quarter. Norges Bank bought a new stake in shares of ONEOK in the 4th quarter worth approximately $297,948,000. Kayne Anderson Capital Advisors LP boosted its position in shares of ONEOK by 28.7% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider’s stock worth $297,059,000 after purchasing an additional 825,464 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of ONEOK by 12.3% in the 1st quarter. First Eagle Investment Management LLC now owns 3,465,068 shares of the utilities provider’s stock worth $277,795,000 after purchasing an additional 378,509 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.4 %

Shares of NYSE:OKE traded up $0.36 during trading on Friday, reaching $87.86. 679,457 shares of the company were exchanged, compared to its average volume of 2,753,230. The firm has a market capitalization of $51.28 billion, a PE ratio of 20.35, a P/E/G ratio of 4.42 and a beta of 1.65. The business’s fifty day simple moving average is $83.01 and its 200-day simple moving average is $79.55. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. ONEOK, Inc. has a 12-month low of $60.58 and a 12-month high of $88.68.

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. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same period last year, the company posted $1.04 earnings per share. On average, research analysts anticipate that ONEOK, Inc. will post 4.98 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.51%. ONEOK’s dividend payout ratio (DPR) is 92.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OKE shares. JPMorgan Chase & Co. boosted their price target on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Tudor Pickering raised ONEOK to a “hold” rating in a research report on Thursday, July 18th. Mizuho upped their target price on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of ONEOK from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley increased their price objective on shares of ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.58.

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.