Aster Capital Management DIFC Ltd Makes New $778,000 Investment in ONEOK, Inc. (NYSE:OKE)

Aster Capital Management DIFC Ltd bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,746 shares of the utilities provider's stock, valued at approximately $778,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Kieckhefer Group LLC purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $30,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $40,000. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK in the fourth quarter valued at $48,000. VSM Wealth Advisory LLC acquired a new position in ONEOK in the fourth quarter valued at $50,000. Finally, OFI Invest Asset Management purchased a new position in ONEOK during the fourth quarter worth about $51,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on OKE shares. Wells Fargo & Company lowered their price target on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Scotiabank cut their price target on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. 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. Barclays cut their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

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ONEOK Stock Up 0.3 %

ONEOK stock traded up $0.27 during midday trading on Friday, hitting $81.51. 1,428,089 shares of the stock were exchanged, compared to its average volume of 3,150,792. 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 50 day moving average price of $94.93 and a two-hundred day moving average price of $99.67. The firm has a market cap of $50.91 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.46 by $0.11. The business had revenue of $7 billion for 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%. On average, sell-side analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 5.05%. ONEOK's dividend payout ratio is currently 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.