Aigen Investment Management LP Makes New Investment in ONEOK, Inc. (NYSE:OKE)

Aigen Investment Management LP acquired a new position in shares of 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 (SEC). The fund acquired 17,977 shares of the utilities provider's stock, valued at approximately $1,805,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kieckhefer Group LLC purchased a new position in shares of ONEOK during the fourth quarter worth about $30,000. Canton Hathaway LLC purchased a new stake in ONEOK in the fourth quarter worth approximately $40,000. Access Investment Management LLC purchased a new stake in ONEOK in the third quarter worth approximately $37,000. J.Safra Asset Management Corp purchased a new stake in ONEOK in the fourth quarter worth approximately $48,000. Finally, Versant Capital Management Inc boosted its stake in ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock worth $53,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank cut their target price on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research note on Thursday. Citigroup assumed coverage on ONEOK in a research note on Friday, February 28th. They issued a "buy" rating and a $110.00 target price for the company. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.31.

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ONEOK Trading Down 0.2 %

OKE stock traded down $0.15 on Friday, reaching $89.59. The company's stock had a trading volume of 4,076,012 shares, compared to its average volume of 4,086,271. The business has a fifty day simple moving average of $100.00 and a two-hundred day simple moving average of $99.37. ONEOK, Inc. has a 12-month low of $76.23 and a 12-month high of $118.07. The firm has a market cap of $55.93 billion, a PE ratio of 18.74, a PEG 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.

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

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $1.03 dividend. This is a positive change from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.60%. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

ONEOK Company 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.