Groupama Asset Managment Purchases New Shares in ONEOK, Inc. (NYSE:OKE)

Groupama Asset Managment bought a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,677 shares of the utilities provider's stock, valued at approximately $2,386,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. FNY Investment Advisers LLC lifted its stake in shares of ONEOK by 14,279.1% in the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after purchasing an additional 21,847 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of ONEOK by 57.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after buying an additional 5,321 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in ONEOK in the 4th quarter worth $251,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in ONEOK by 9.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after buying an additional 136,071 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in ONEOK in the fourth quarter worth $9,483,000. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OKE has been the subject of a number of recent analyst reports. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Monday, February 10th. Scotiabank dropped their price objective on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note 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 ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 target price on the stock. Finally, Morgan Stanley lifted their price target on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

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ONEOK Trading Down 12.9 %

NYSE OKE traded down $11.98 during mid-day trading on Friday, reaching $80.73. 11,053,742 shares of the stock were exchanged, compared to its average volume of 3,081,273. ONEOK, Inc. has a 1-year low of $76.23 and a 1-year high of $118.07. The stock has a market capitalization of $50.40 billion, a PE ratio of 16.89, a PEG ratio of 3.77 and a beta of 1.20. The business's fifty day simple moving average is $97.08 and its 200 day simple moving average is $100.26. 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 posted its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 5.10%. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

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.