Blankinship & Foster LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,275 shares of the utilities provider's stock, valued at approximately $1,132,000.
Several other large investors have also recently bought and sold shares of the business. Kieckhefer Group LLC purchased a new position in shares of ONEOK during the fourth quarter worth approximately $30,000. Access Investment Management LLC purchased a new position in ONEOK during the 3rd quarter worth $37,000. Canton Hathaway LLC acquired a new position in ONEOK in the fourth quarter valued at $40,000. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK in the fourth quarter valued at about $48,000. Finally, Versant Capital Management Inc boosted its stake in shares of ONEOK by 98.1% during 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 period. Hedge funds and other institutional investors own 69.13% of the company's stock.
ONEOK Price Performance
NYSE OKE traded up $0.70 during mid-day trading on Tuesday, hitting $92.12. The stock had a trading volume of 1,463,797 shares, compared to its average volume of 4,069,235. The company has a 50 day simple moving average of $99.81 and a 200 day simple moving average of $99.49. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The company has a market cap of $57.51 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a 52-week low of $76.23 and a 52-week high of $118.07.
ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. Equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.
ONEOK Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $1.03 dividend. 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 4.47%. This is a positive change from ONEOK's previous quarterly dividend of $0.99. ONEOK's payout ratio is currently 79.69%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. UBS Group boosted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Wolfe Research upgraded 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 note on Monday, February 10th. Barclays lowered their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Wells Fargo & Company cut their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.31.
Check Out Our Latest Stock Analysis on ONEOK
About ONEOK
(
Free Report)
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.
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