FNY Investment Advisers LLC Buys 21,847 Shares of ONEOK, Inc. (NYSE:OKE)

FNY Investment Advisers LLC grew its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 14,279.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,000 shares of the utilities provider's stock after purchasing an additional 21,847 shares during the quarter. ONEOK makes up about 1.2% of FNY Investment Advisers LLC's investment portfolio, making the stock its 22nd largest position. FNY Investment Advisers LLC's holdings in ONEOK were worth $2,208,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of ONEOK during the second quarter valued at about $28,000. Matrix Trust Co bought a new position in ONEOK during the 3rd quarter worth approximately $29,000. Kieckhefer Group LLC bought a new position in ONEOK during the 4th quarter worth approximately $30,000. Access Investment Management LLC bought a new stake in ONEOK in the third quarter valued at approximately $37,000. Finally, Values First Advisors Inc. purchased a new stake in shares of ONEOK during the third quarter valued at approximately $44,000. Institutional investors own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. US Capital Advisors upgraded shares of ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Mizuho raised shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Bank of America began coverage on ONEOK in a research note on Thursday, October 17th. They issued a "buy" rating and a $105.00 target price on the stock. Barclays upped their price target on ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, Scotiabank began coverage on ONEOK in a research report on Friday. They issued a "sector outperform" rating and a $109.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and an average price target of $101.54.

ONEOK Stock Up 2.0 %

Shares of ONEOK stock traded up $2.03 during trading on Tuesday, hitting $106.01. The company's stock had a trading volume of 2,569,683 shares, compared to its average volume of 2,739,735. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The company has a market capitalization of $61.93 billion, a PE ratio of 22.18, a P/E/G ratio of 5.24 and a beta of 1.70. The company has a fifty day simple moving average of $105.95 and a two-hundred day simple moving average of $95.28. 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 (NYSE:OKE - Get Free Report) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities research analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.74%. ONEOK's dividend payout ratio is currently 82.85%.

About ONEOK

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.