101,332 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 101,332 shares of the utilities provider's stock, valued at approximately $10,174,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. KBC Group NV lifted its stake in ONEOK by 0.8% during the 3rd quarter. KBC Group NV now owns 45,383 shares of the utilities provider's stock valued at $4,136,000 after acquiring an additional 376 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of ONEOK by 5.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,365 shares of the utilities provider's stock valued at $762,000 after purchasing an additional 455 shares during the last quarter. Empowered Funds LLC increased its position in shares of ONEOK by 8.8% during the 3rd quarter. Empowered Funds LLC now owns 9,884 shares of the utilities provider's stock valued at $901,000 after purchasing an additional 797 shares during the last quarter. Natixis Advisors LLC increased its position in shares of ONEOK by 5.1% during the 3rd quarter. Natixis Advisors LLC now owns 446,661 shares of the utilities provider's stock valued at $40,704,000 after purchasing an additional 21,704 shares during the last quarter. Finally, Claro Advisors LLC increased its position in shares of ONEOK by 1.6% during the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider's stock valued at $650,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

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ONEOK Price Performance

Shares of OKE traded down $1.20 during midday trading on Friday, hitting $99.45. 9,379,327 shares of the company traded hands, compared to its average volume of 2,858,007. The firm has a 50 day moving average of $98.94 and a 200-day moving average of $99.80. ONEOK, Inc. has a 52 week low of $76.23 and a 52 week high of $118.07. The stock has a market cap of $62.09 billion, a price-to-earnings ratio of 20.81, a PEG 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.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS 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 business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. On average, analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. This is an increase from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.14%. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

Analysts Set New Price Targets

OKE has been the subject of several research reports. Scotiabank reduced their price target on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 6th. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Citigroup initiated coverage on shares of ONEOK in a research report 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 target price for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company lowered their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.