Flputnam Investment Management Co. Has $4.76 Million Stake in ONEOK, Inc. (NYSE:OKE)

Flputnam Investment Management Co. lowered its stake in ONEOK, Inc. (NYSE:OKE) by 0.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,421 shares of the utilities provider’s stock after selling 235 shares during the quarter. Flputnam Investment Management Co.’s holdings in ONEOK were worth $4,761,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pinnacle Associates Ltd. lifted its holdings in ONEOK by 37.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 5,776 shares of the utilities provider’s stock worth $526,000 after purchasing an additional 1,582 shares during the last quarter. HM Payson & Co. boosted its holdings in shares of ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock worth $161,000 after buying an additional 105 shares during the period. US Bancorp DE boosted its holdings in shares of ONEOK by 2.4% during the 3rd quarter. US Bancorp DE now owns 86,296 shares of the utilities provider’s stock worth $7,864,000 after buying an additional 2,012 shares during the period. Stephens Inc. AR boosted its holdings in shares of ONEOK by 1.0% during the 3rd quarter. Stephens Inc. AR now owns 41,028 shares of the utilities provider’s stock worth $3,739,000 after buying an additional 403 shares during the period. Finally, Addis & Hill Inc raised its holdings in ONEOK by 2.2% in the 3rd quarter. Addis & Hill Inc now owns 7,561 shares of the utilities provider’s stock worth $689,000 after acquiring an additional 164 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 3.8 %

OKE stock opened at $100.29 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business’s 50-day simple moving average is $100.91 and its 200 day simple moving average is $99.19. ONEOK, Inc. has a twelve month low of $74.39 and a twelve month high of $118.07. The company has a market cap of $62.62 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 79.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OKE shares. Wells Fargo & Company decreased their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a report on Wednesday. Scotiabank initiated coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Barclays initiated coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target on the stock. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Finally, UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.15.

ONEOK Company 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.