ONEOK, Inc. (NYSE:OKE) Stock Holdings Decreased by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 821,945 shares of the utilities provider's stock after selling 45,671 shares during the period. Bank of Montreal Can owned 0.14% of ONEOK worth $82,523,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC raised its position 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 during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in ONEOK by 57.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after acquiring an additional 5,321 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of ONEOK during the 4th quarter worth approximately $251,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of ONEOK by 9.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after purchasing an additional 136,071 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $9,483,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays cut their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Monday, February 10th. Citigroup began coverage on shares of ONEOK in a report on Friday, February 28th. They set a "buy" rating and a $110.00 price target for the company. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Scotiabank decreased their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

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ONEOK Price Performance

Shares of OKE traded up $0.79 during mid-day trading on Monday, hitting $83.35. The company's stock had a trading volume of 661,326 shares, compared to its average volume of 3,147,971. The firm has a 50-day simple moving average of $94.64 and a 200 day simple moving average of $99.66. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $52.06 billion, a P/E ratio of 17.44, 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 issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.94%. ONEOK's payout ratio is 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.