ONEOK, Inc. (OKE) Stake Lowered by Keybank National Association OH

Keybank National Association OH lessened its position in ONEOK, Inc. (NYSE:OKE) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,612 shares of the utilities provider’s stock after selling 6,204 shares during the period. Keybank National Association OH’s holdings in ONEOK were worth $4,790,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of OKE. Winslow Evans & Crocker Inc. raised its holdings in shares of ONEOK by 462.9% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. raised its holdings in shares of ONEOK by 229.8% in the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in shares of ONEOK by 332.8% in the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,744 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of ONEOK in the third quarter valued at about $150,000. Finally, Sun Life Financial INC raised its holdings in shares of ONEOK by 82.1% in the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,261 shares during the last quarter. Institutional investors own 66.59% of the company’s stock.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on ONEOK from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Mizuho reaffirmed a “hold” rating and issued a $61.00 price target on shares of ONEOK in a report on Tuesday, January 23rd. Credit Suisse Group assumed coverage on ONEOK in a report on Monday, January 8th. They issued an “outperform” rating and a $62.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $64.00 price target on shares of ONEOK in a report on Tuesday, January 16th. Finally, Wells Fargo & Co raised ONEOK from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $60.15.

In other news, Director Brian L. Derksen acquired 1,800 shares of the company’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Shares of ONEOK, Inc. (OKE) opened at $56.91 on Friday. The firm has a market capitalization of $23,360.19, a PE ratio of 35.57, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $61.36. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th were issued a dividend of $0.77 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a yield of 5.41%. The ex-dividend date was Friday, January 26th. ONEOK’s payout ratio is currently 192.50%.

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ONEOK Profile

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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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