Oneok Inc. (NYSE: OKE) Not A Good Play Anymore?

The Vanguard Group, Inc. has recently announced that it has increased stake in Oneok Inc. (NYSE:OKE) by 9.89%. After grabbing 56.76 million shares, the institutional investor is now in possession of 5.11 million shares of the Energy Company. The new investment brought the stake of investor firm to 9.74% having worth around $3.99 billion. Moreover, SSgA Funds Management, Inc. increased its share by 7.86 million to have a control over 38.79 million shares. And BlackRock Fund Advisors raised its holdings to 3.52 million shares by acquiring 35.46 million shares or 6.09% of the stake.

Oneok Inc. (OKE) concluded trading on Thursday at a closing price of $70.29, with 2.57 million shares of worth about $180.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.98% during that period and on Thursday, January 25 the price saw a gain of about 2.08%. Currently the company’s common shares owned by public are about 582.55M shares, out of which, 581.15M shares are available for trading.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 41 times over the past 12 months. They bought 129,434 shares in 24 of the transactions. In 17 selling transactions, insiders dumped 36,515 shares.

Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR Series – Energy Select Secto are the top 3 mutual funds which are holding stakes in Oneok Inc. Vanguard Total Stock Market ETF is currently holding 18.25 million shares of worth totaling $1.28 billion. The company recently came buying 4.24 million shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 25240.0 shares, after which its hold over company’s outstanding shares expand to 2.44%, leaving 14.22 million shares with the mutual fund that have a worth of about $998.76 million. SPDR Series – Energy Select Secto, after buying 14.14 million shares, have now control over 2.43% of the stake in the company. It holds 56100.0 shares of worth $993.25 million.

However, the stock later moved at a day high price of 70.30, or with a gain of 2.08%. Stock saw a price change of -1.35% in past 5 days and over the past one month there was a price change of 0.19%. Year-to-date (YTD), OKE shares are showing a performance of 0.10% which increased to 1.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $55.91 but also hit the highest price of $72.51 during that period. The average intraday trading volume for Oneok Inc. shares is 3.68 million. The stock is currently trading -0.19% below its 20-day simple moving average (SMA20), while that difference is up 2.29% for SMA50 and it goes to 7.85% higher than SMA200.

The Vanguard Group, Inc. acquired 56.76 million shares of Oneok Inc. having value of about $3.99 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 5.11 million shares in the company valued at close to $359066764.98, or have control over 9.89% stake in the company. Oneok Inc. (NYSE: OKE) currently have 582.55M outstanding shares and institutions hold larger chunk of about 67.92% of that. Holding of mutual funds in the company is about 28.52% while other institutional holders and individual stake holders have control over 39.77% and 1.16% of the stake respectively.

The stock has a current market capitalization of $40.95B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 12.91, while it has posted earnings per share of $5.45 in the same period. Its PEG reads 1.11 and has Quick Ratio of 0.66 while making debt-to-equity ratio of 1.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OKE, volatility over the week remained 1.75% while standing at 1.71% over the month.

Analysts are in expectations that Oneok Inc. (OKE) stock would likely to be making an EPS of $1.23 in the current quarter, while forecast for next quarter EPS is $1.22 and it is $4.97 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.12 which is $1.5 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 46.06% while it is estimated to decrease by -7.88% in next year. EPS is likely to shrink at an annualized rate of 11.60% for next 5-years, compared to annual growth of 24.37% made by the stock over the past 5-years.

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