UniSuper Management Pty Ltd Purchases 14,255 Shares of ONEOK, Inc. (NYSE:OKE)

UniSuper Management Pty Ltd boosted its position in ONEOK, Inc. (NYSE:OKE) by 265.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,628 shares of the utilities provider’s stock after buying an additional 14,255 shares during the period. UniSuper Management Pty Ltd’s holdings in ONEOK were worth $1,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in ONEOK by 21.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,408,725 shares of the utilities provider’s stock valued at $871,341,000 after buying an additional 2,153,295 shares during the last quarter. Northern Trust Corp boosted its position in ONEOK by 1.5% in the fourth quarter. Northern Trust Corp now owns 5,754,127 shares of the utilities provider’s stock valued at $404,055,000 after buying an additional 85,736 shares during the last quarter. Norges Bank purchased a new stake in ONEOK in the fourth quarter valued at approximately $297,948,000. Kayne Anderson Capital Advisors LP boosted its position in ONEOK by 28.7% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 3,705,367 shares of the utilities provider’s stock worth $297,059,000 after purchasing an additional 825,464 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in ONEOK by 12.3% in the 1st quarter. First Eagle Investment Management LLC now owns 3,465,068 shares of the utilities provider’s stock worth $277,795,000 after purchasing an additional 378,509 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE OKE traded down $1.07 during mid-day trading on Wednesday, hitting $82.16. The stock had a trading volume of 2,225,171 shares, compared to its average volume of 2,763,572. The firm’s 50 day moving average is $81.40 and its 200 day moving average is $77.46. ONEOK, Inc. has a twelve month low of $60.58 and a twelve month high of $86.20. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. The stock has a market capitalization of $47.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 4.47 and a beta of 1.65.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same period in the prior year, the company earned $2.34 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.01 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, August 1st will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 4.82%. The ex-dividend date is Thursday, August 1st. ONEOK’s dividend payout ratio is currently 92.09%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OKE shares. Wells Fargo & Company upped their price objective on ONEOK from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Morgan Stanley upped their price objective on ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. upped their price objective on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Stifel Nicolaus upped their price objective on ONEOK from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.50.

About ONEOK

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.