ONEOK, Inc. (NYSE:OKE) Shares Bought by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its position in ONEOK, Inc. (NYSE:OKE) by 82.6% during the second quarter, Holdings Channel reports. The fund owned 32,830 shares of the utilities provider’s stock after buying an additional 14,848 shares during the period. Candriam Luxembourg S.C.A.’s holdings in ONEOK were worth $1,712,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in ONEOK by 2,987.9% in the first quarter. BlackRock Inc. now owns 18,697,403 shares of the utilities provider’s stock worth $1,036,584,000 after buying an additional 18,091,903 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in ONEOK during the first quarter worth approximately $90,888,000. Janus Capital Management LLC raised its stake in ONEOK by 79.5% in the first quarter. Janus Capital Management LLC now owns 2,720,745 shares of the utilities provider’s stock worth $150,838,000 after buying an additional 1,204,683 shares during the last quarter. Neuberger Berman Group LLC raised its stake in ONEOK by 16.1% in the first quarter. Neuberger Berman Group LLC now owns 8,572,212 shares of the utilities provider’s stock worth $475,243,000 after buying an additional 1,190,284 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in ONEOK during the first quarter worth approximately $58,755,000. 80.89% of the stock is owned by institutional investors and hedge funds.

ONEOK, Inc. (OKE) opened at 52.41 on Friday. ONEOK, Inc. has a 1-year low of $45.41 and a 1-year high of $59.47. The stock has a 50 day moving average price of $53.16 and a 200-day moving average price of $53.04. The stock has a market capitalization of $19.92 billion, a P/E ratio of 32.84 and a beta of 1.31.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.12. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company earned $0.40 earnings per share. Equities research analysts expect that ONEOK, Inc. will post $1.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 5.69%. This is an increase from ONEOK’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, August 3rd. ONEOK’s dividend payout ratio is presently 186.25%.

OKE has been the subject of a number of research analyst reports. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, June 21st. BidaskClub raised ONEOK from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Morgan Stanley lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 target price for the company. in a report on Wednesday, July 5th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 target price on shares of ONEOK in a report on Monday, April 17th. Finally, Guggenheim initiated coverage on ONEOK in a report on Monday, April 17th. They issued a “buy” rating and a $62.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $57.15.

In related news, Director Eduardo A. Rodriguez sold 2,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $50.34, for a total value of $100,680.00. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,412.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.

About ONEOK

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONEOK, Inc. (NYSE:OKE).