Capital Investment Advisors LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,040 shares of the utilities provider's stock after acquiring an additional 9,386 shares during the quarter. Capital Investment Advisors LLC's holdings in ONEOK were worth $28,016,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service raised its stake in ONEOK by 1.6% during the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock valued at $69,608,000 after purchasing an additional 12,349 shares during the period. Leavell Investment Management Inc. lifted its stake in ONEOK by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock worth $12,871,000 after acquiring an additional 5,175 shares in the last quarter. Caxton Associates LP acquired a new stake in ONEOK during the 2nd quarter worth about $1,225,000. Point72 Europe London LLP purchased a new position in ONEOK during the 2nd quarter valued at about $15,008,000. Finally, Nations Financial Group Inc. IA ADV increased its stake in ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock valued at $4,972,000 after buying an additional 5,451 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.
Wall Street Analyst Weigh In
OKE has been the topic of several recent research reports. UBS Group boosted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Bank of America started coverage on ONEOK in a research note on Thursday, October 17th. They issued a "buy" rating and a $105.00 price objective on the stock. US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $101.54.
Check Out Our Latest Stock Report on OKE
ONEOK Stock Up 2.1 %
Shares of NYSE OKE traded up $2.17 during mid-day trading on Monday, reaching $103.92. 3,495,560 shares of the company's stock were exchanged, compared to its average volume of 2,762,275. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. 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 business has a fifty day simple moving average of $105.63 and a 200 day simple moving average of $94.95. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 5.24 and a beta of 1.70.
ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.
ONEOK Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio is presently 82.85%.
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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