Certior Financial Group LLC Makes New $493,000 Investment in ONEOK, Inc. (NYSE:OKE)

Certior Financial Group LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,910 shares of the utilities provider's stock, valued at approximately $493,000.

Several other large investors have also recently added to or reduced their stakes in OKE. FNY Investment Advisers LLC grew its stake in ONEOK by 14,279.1% during the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after buying an additional 21,847 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after purchasing an additional 5,321 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in ONEOK in the fourth quarter worth approximately $251,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of ONEOK by 9.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after purchasing an additional 136,071 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in shares of ONEOK in the fourth quarter worth approximately $9,483,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

NYSE:OKE traded up $1.20 on Friday, reaching $82.44. The stock had a trading volume of 3,777,706 shares, compared to its average volume of 3,159,477. The company has a market capitalization of $51.49 billion, a P/E ratio of 17.25, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $94.64 and a 200-day moving average price of $99.59. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

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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, beating 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 firm had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.18 billion. Research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 5.00%. ONEOK's dividend payout ratio is presently 79.69%.

Analysts Set New Price Targets

Several research firms recently weighed in on OKE. Citigroup initiated coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price target on the stock. Morgan Stanley raised their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Scotiabank lowered their target price on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. Finally, Barclays dropped their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

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.