Banco Santander S.A. Has $2.20 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Banco Santander S.A. raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 27.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,944 shares of the utilities provider's stock after purchasing an additional 4,682 shares during the period. Banco Santander S.A.'s holdings in ONEOK were worth $2,203,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the 4th quarter valued at about $30,000. Access Investment Management LLC acquired a new stake in shares of ONEOK in the third quarter worth about $37,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp acquired a new stake in shares of ONEOK in the fourth quarter worth about $48,000. Finally, Versant Capital Management Inc lifted its position in shares of 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 during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on OKE shares. UBS Group boosted their price target on ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Scotiabank reduced their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Monday, February 10th. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $103.31.

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ONEOK Stock Performance

Shares of NYSE OKE traded up $1.89 during trading hours on Monday, reaching $91.46. The stock had a trading volume of 5,994,733 shares, compared to its average volume of 4,128,707. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month 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. The business's fifty day moving average is $99.81 and its two-hundred day moving average is $99.49. The company has a market cap of $57.10 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 3.77 and a beta of 1.70.

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

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. 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 annualized dividend and a dividend yield of 4.50%. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

About ONEOK

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.