Aurora Investment Counsel Has $449,000 Stake in ONEOK, Inc. (NYSE:OKE)

Aurora Investment Counsel reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 78.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,503 shares of the utilities provider’s stock after selling 20,088 shares during the quarter. Aurora Investment Counsel’s holdings in ONEOK were worth $449,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TD Asset Management Inc increased its stake in shares of ONEOK by 11.6% in the fourth quarter. TD Asset Management Inc now owns 208,063 shares of the utilities provider’s stock valued at $14,610,000 after buying an additional 21,657 shares in the last quarter. California State Teachers Retirement System increased its position in ONEOK by 13.2% in the 4th quarter. California State Teachers Retirement System now owns 1,147,862 shares of the utilities provider’s stock valued at $80,603,000 after acquiring an additional 133,505 shares in the last quarter. KBC Group NV raised its stake in shares of ONEOK by 36.7% in the fourth quarter. KBC Group NV now owns 468,119 shares of the utilities provider’s stock worth $32,872,000 after acquiring an additional 125,778 shares during the last quarter. Prudent Man Advisors LLC acquired a new position in shares of ONEOK during the fourth quarter worth approximately $631,000. Finally, Jones Financial Companies Lllp grew its stake in shares of ONEOK by 66.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,684 shares of the utilities provider’s stock valued at $399,000 after purchasing an additional 2,276 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKE has been the topic of several research reports. Mizuho upped their price objective on ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Scotiabank boosted their target price on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Royal Bank of Canada raised their price target on ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. Tudor Pickering raised ONEOK to a “hold” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company raised their target price on shares of ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.38.

Insider Buying and Selling

In other news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

ONEOK Trading Up 1.0 %

OKE opened at $91.13 on Tuesday. ONEOK, Inc. has a twelve month low of $60.58 and a twelve month high of $96.05. The firm has a market cap of $53.19 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62. The firm’s fifty day moving average is $88.22 and its two-hundred day moving average is $83.14.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the company posted $1.04 earnings per share. Equities research analysts anticipate that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were given a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.35%. ONEOK’s dividend payout ratio is presently 92.09%.

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.