Cibc World Markets Corp Has $9.25 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Cibc World Markets Corp raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,138 shares of the utilities provider's stock after acquiring an additional 12,908 shares during the quarter. Cibc World Markets Corp's holdings in ONEOK were worth $9,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $182,694,000. Charles Schwab Investment Management Inc. increased its stake in shares of ONEOK by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock valued at $1,848,844,000 after buying an additional 934,007 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ONEOK during the third quarter worth $47,957,000. National Pension Service lifted its stake in shares of ONEOK by 65.3% during the fourth quarter. National Pension Service now owns 1,262,741 shares of the utilities provider's stock valued at $126,779,000 after acquiring an additional 498,908 shares during the period. Finally, Yaupon Capital Management LP acquired a new position in shares of ONEOK during the third quarter valued at $45,194,000. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Down 1.2 %

OKE stock traded down $1.20 during mid-day trading on Friday, hitting $99.45. 9,379,327 shares of the company were exchanged, compared to its average volume of 2,858,007. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 1-year low of $76.23 and a 1-year high of $118.07. The firm's 50 day simple moving average is $98.94 and its 200 day simple moving average is $99.80. The firm has a market cap of $62.09 billion, a P/E ratio of 20.81, a P/E/G ratio of 3.77 and a beta of 1.70.

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ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. On average, sell-side 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. Shareholders of record on Monday, February 3rd were given a dividend of $1.03 per share. 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 4.14%. This is an increase from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio is 79.69%.

Analyst Upgrades and Downgrades

OKE has been the subject of several recent research reports. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Citigroup began coverage on shares of ONEOK in a research note on Friday, February 28th. They set a "buy" rating and a $110.00 price target for the company. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Finally, Scotiabank decreased their price objective on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.31.

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.