Tokio Marine Asset Management Co. Ltd. Has $1.65 Million Position in ONEOK, Inc. (NYSE:OKE)

Tokio Marine Asset Management Co. Ltd. boosted its position in ONEOK, Inc. (NYSE:OKE) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,150 shares of the utilities provider’s stock after buying an additional 854 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in ONEOK were worth $1,654,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in ONEOK during the third quarter worth $29,000. Quest Partners LLC acquired a new position in shares of ONEOK during the 2nd quarter worth about $28,000. Ridgewood Investments LLC bought a new position in shares of ONEOK in the 2nd quarter valued at about $31,000. Access Investment Management LLC acquired a new stake in shares of ONEOK in the third quarter valued at about $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK during the third quarter worth about $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Buying and Selling

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

ONEOK Stock Performance

OKE opened at $107.88 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company has a market capitalization of $63.02 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 5.40 and a beta of 1.66. The business has a fifty day simple moving average of $95.84 and a 200 day simple moving average of $87.24. ONEOK, Inc. has a 1 year low of $64.68 and a 1 year high of $109.21.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the company posted $0.99 earnings per share. Research analysts expect that ONEOK, Inc. will post 5.15 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. ONEOK’s payout ratio is 82.85%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OKE. Scotiabank raised their price target on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. Citigroup raised their target price on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company upped their price target on shares of ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.92.

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.