Fmr LLC Has $123.02 Million Holdings in ONEOK, Inc. (NYSE:OKE)

FMR LLC lifted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,225,282 shares of the utilities provider's stock after acquiring an additional 53,365 shares during the quarter. FMR LLC owned 0.21% of ONEOK worth $123,018,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Kieckhefer Group LLC bought a new stake in ONEOK during the fourth quarter valued at $30,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp bought a new stake in shares of ONEOK during the 4th quarter valued at about $48,000. VSM Wealth Advisory LLC bought a new position in ONEOK in the fourth quarter worth about $50,000. Finally, OFI Invest Asset Management bought a new position in ONEOK in the fourth quarter worth about $51,000. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OKE shares. Barclays lowered 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. Scotiabank dropped their target price on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley boosted their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. 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 report on Monday, February 10th. Finally, Wells Fargo & Company reduced 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 note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ONEOK presently has an average rating of "Moderate Buy" and an average price target of $106.42.

ONEOK Price Performance

OKE stock traded up $1.39 during trading hours on Friday, hitting $86.19. 2,756,451 shares of the stock traded hands, compared to its average volume of 3,159,918. The stock has a 50-day simple moving average of $93.39 and a 200 day simple moving average of $99.33. The company has a market cap of $53.84 billion, a P/E ratio of 18.03, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a one year low of $75.48 and a one year 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.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (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 company had revenue of $7 billion for the quarter, compared to analysts' expectations of $6.18 billion. Equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio is 79.69%.

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.