ONEOK, Inc. (NYSE:OKE) Shares Sold by Barclays PLC

Barclays PLC lowered its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 47.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 991,165 shares of the utilities provider's stock after selling 897,699 shares during the quarter. Barclays PLC owned 0.17% of ONEOK worth $99,510,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in ONEOK in the fourth quarter valued at approximately $539,554,000. Wellington Management Group LLP grew its position in shares of ONEOK by 433.4% in the fourth quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock valued at $422,373,000 after purchasing an additional 3,418,207 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ONEOK in the 4th quarter worth $182,694,000. ClearBridge Investments Ltd purchased a new position in ONEOK during the fourth quarter worth about $177,045,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in ONEOK by 445.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,526,899 shares of the utilities provider's stock worth $153,319,000 after acquiring an additional 1,246,963 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

OKE has been the subject of several research analyst reports. Barclays lowered their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Monday, February 10th. Morgan Stanley lifted their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Citigroup initiated 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. Finally, 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 report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.42.

ONEOK Trading Up 1.6 %

Shares of OKE stock traded up $1.39 during mid-day trading on Friday, hitting $86.19. 2,756,451 shares of the company's stock were exchanged, compared to its average volume of 3,159,918. The stock has a market cap of $53.84 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 3.77 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The stock has a 50-day simple moving average of $93.39 and a two-hundred day simple moving average of $99.33.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly 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 firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This is a positive change from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Monday, February 3rd. 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.