AustralianSuper Pty Ltd Takes Position in ONEOK, Inc. (NYSE:OKE)

AustralianSuper Pty Ltd bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 182,187 shares of the utilities provider's stock, valued at approximately $18,292,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. National Pension Service increased its holdings in shares of ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock valued at $69,608,000 after acquiring an additional 12,349 shares in the last quarter. Leavell Investment Management Inc. increased its stake in ONEOK by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after purchasing an additional 5,175 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in ONEOK by 11.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock worth $4,972,000 after buying an additional 5,451 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of ONEOK by 14,279.1% in the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock valued at $2,208,000 after buying an additional 21,847 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of ONEOK by 57.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after buying an additional 5,321 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

NYSE:OKE traded up $0.38 during trading hours on Wednesday, reaching $99.02. 2,729,788 shares of the company traded hands, compared to its average volume of 3,943,442. The stock has a market cap of $57.85 billion, a P/E ratio of 20.72, a P/E/G ratio of 3.74 and a beta of 1.70. The firm's 50-day moving average is $101.53 and its 200-day moving average is $98.51. ONEOK, Inc. has a 1-year low of $71.50 and a 1-year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK's payout ratio is currently 86.19%.

Wall Street Analyst Weigh In

OKE has been the topic of several analyst reports. Mizuho upgraded shares of ONEOK to a "hold" rating in a report on Thursday, November 7th. Wells Fargo & Company lowered ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price objective on the stock. in a research report on Wednesday, December 18th. Barclays assumed coverage on shares of ONEOK in a report on Thursday, February 6th. They set an "equal weight" rating and a $105.00 target price for the company. UBS Group lifted their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and an average price target of $103.92.

ONEOK 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.