6,556 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,556 shares of the utilities provider's stock, valued at approximately $658,000.

A number of other institutional investors also recently bought and sold shares of OKE. Raymond James Financial Inc. acquired a new position in shares of ONEOK during the 4th quarter worth $182,694,000. Charles Schwab Investment Management Inc. grew its position in ONEOK by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock worth $1,848,844,000 after buying an additional 934,007 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ONEOK in the third quarter valued at about $47,957,000. National Pension Service lifted its position in shares of ONEOK by 65.3% during the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider's stock valued at $126,779,000 after acquiring an additional 498,908 shares during the period. Finally, Yaupon Capital Management LP purchased a new stake in shares of ONEOK during the 3rd quarter worth approximately $45,194,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKE has been the subject of several research reports. Barclays reduced their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Wells Fargo & Company decreased their price objective on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Citigroup initiated coverage on shares of ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 target price for the company. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. Finally, US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ONEOK has an average rating of "Moderate Buy" and a consensus target price of $103.31.

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ONEOK Trading Down 1.2 %

ONEOK stock traded down $1.20 during midday trading on Friday, reaching $99.45. The stock had a trading volume of 9,379,327 shares, compared to its average volume of 2,861,029. The stock has a market capitalization of $62.09 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock's 50-day simple moving average is $98.99 and its 200 day simple moving average is $99.75. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.14%. ONEOK's dividend payout ratio (DPR) is 79.69%.

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.