ONEOK, Inc. (NYSE:OKE) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 27.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 648 shares of the utilities provider’s stock after selling 242 shares during the period. Loomis Sayles & Co. L P’s holdings in ONEOK were worth $65,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. increased its position in ONEOK by 2.0% during the 4th quarter. Howe & Rusling Inc. now owns 12,241 shares of the utilities provider’s stock worth $1,229,000 after purchasing an additional 244 shares during the period. NEOS Investment Management LLC raised its position in ONEOK by 31.4% in the fourth quarter. NEOS Investment Management LLC now owns 35,995 shares of the utilities provider’s stock worth $3,614,000 after acquiring an additional 8,609 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in ONEOK by 20.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 43,486 shares of the utilities provider’s stock valued at $4,366,000 after acquiring an additional 7,379 shares during the period. Elo Mutual Pension Insurance Co grew its stake in shares of ONEOK by 12.7% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 58,053 shares of the utilities provider’s stock worth $5,829,000 after purchasing an additional 6,533 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of ONEOK by 10.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 923,670 shares of the utilities provider’s stock valued at $95,046,000 after purchasing an additional 86,056 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OKE. Scotiabank lowered their target price on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 6th. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Barclays dropped their target price on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

ONEOK Stock Performance

Shares of OKE opened at $98.47 on Monday. The company has a market capitalization of $61.48 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 1 year low of $76.23 and a 1 year high of $118.07. The company’s 50 day simple moving average is $98.32 and its 200 day simple moving average is $100.24.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. On average, sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Monday, February 3rd. ONEOK’s dividend payout ratio is presently 79.69%.

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.