Erste Asset Management GmbH Buys 26,665 Shares of ONEOK, Inc. (NYSE:OKE)

Erste Asset Management GmbH increased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 129,956 shares of the utilities provider's stock after purchasing an additional 26,665 shares during the period. Erste Asset Management GmbH's holdings in ONEOK were worth $13,118,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in ONEOK in the 4th quarter valued at approximately $182,694,000. Charles Schwab Investment Management Inc. raised its holdings in 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 acquiring an additional 934,007 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ONEOK in the 3rd quarter valued at approximately $47,957,000. National Pension Service raised its holdings in shares of ONEOK by 65.3% in the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider's stock worth $126,779,000 after buying an additional 498,908 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $45,194,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Trading Down 0.5 %

OKE traded down $0.50 during mid-day trading on Tuesday, reaching $97.95. The stock had a trading volume of 2,728,695 shares, compared to its average volume of 2,826,963. The stock has a market capitalization of $61.15 billion, a P/E ratio of 20.49, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm's fifty day simple moving average is $99.15 and its two-hundred day simple moving average is $99.70. ONEOK, Inc. has a 52 week low of $76.23 and a 52 week high of $118.07.

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ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. On average, equities analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 4.21%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK's dividend payout ratio (DPR) is currently 79.69%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OKE shares. Wells Fargo & Company dropped their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Scotiabank dropped their target price on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Barclays dropped their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.31.

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.