Oddo BHF Asset Management Sas Purchases New Holdings in ONEOK, Inc. (NYSE:OKE)

Oddo BHF Asset Management Sas acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,642 shares of the utilities provider’s stock, valued at approximately $605,000.

A number of other institutional investors also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of ONEOK by 10.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,240 shares of the utilities provider’s stock valued at $427,000 after acquiring an additional 488 shares during the last quarter. Blue Trust Inc. increased its stake in ONEOK by 26.3% during the second quarter. Blue Trust Inc. now owns 2,447 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 510 shares during the last quarter. Gradient Investments LLC raised its holdings in shares of ONEOK by 267.2% during the second quarter. Gradient Investments LLC now owns 1,704 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 1,240 shares during the period. Dakota Wealth Management lifted its position in shares of ONEOK by 3.7% in the 2nd quarter. Dakota Wealth Management now owns 12,923 shares of the utilities provider’s stock worth $1,054,000 after buying an additional 457 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in shares of ONEOK by 33.0% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 7,166 shares of the utilities provider’s stock valued at $584,000 after buying an additional 1,778 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Barclays raised their price target on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Bank of America initiated coverage on ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective for the company. Citigroup raised their target price on ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank upped their price target on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.00.

ONEOK Stock Down 0.4 %

OKE stock opened at $104.03 on Friday. The firm’s 50-day moving average is $103.54 and its two-hundred day moving average is $91.85. The company has a market capitalization of $60.77 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 5.26 and a beta of 1.69. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the business earned $0.99 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.81%. ONEOK’s dividend payout ratio (DPR) is 82.85%.

ONEOK Profile

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.