Point72 Europe London LLP purchased a new position in ONEOK, Inc. (NYSE:OKE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 184,037 shares of the utilities provider’s stock, valued at approximately $15,008,000. ONEOK accounts for approximately 1.2% of Point72 Europe London LLP’s holdings, making the stock its 25th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in OKE. Rise Advisors LLC purchased a new stake in shares of ONEOK in the first quarter worth about $25,000. LifeSteps Financial Inc. purchased a new stake in shares of ONEOK during the 1st quarter worth approximately $26,000. Quest Partners LLC bought a new position in shares of ONEOK during the 2nd quarter valued at approximately $28,000. Ridgewood Investments LLC purchased a new position in shares of ONEOK in the second quarter valued at $31,000. Finally, American National Bank bought a new stake in ONEOK in the first quarter worth $32,000. Institutional investors own 69.13% of the company’s stock.
Insiders Place Their Bets
In related news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.
Analyst Ratings Changes
ONEOK Stock Down 0.0 %
NYSE:OKE opened at $95.24 on Wednesday. The stock has a fifty day simple moving average of $87.65 and a 200-day simple moving average of $82.74. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The company has a market cap of $55.63 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 4.71 and a beta of 1.67. ONEOK, Inc. has a twelve month low of $60.58 and a twelve month high of $96.05.
ONEOK (NYSE:OKE – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same period in the previous year, the company earned $1.04 EPS. Analysts anticipate that ONEOK, Inc. will post 5.09 EPS for the current year.
ONEOK Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a $0.99 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.16%. ONEOK’s dividend payout ratio (DPR) is currently 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.
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