Jump Financial LLC Acquires New Shares in ONEOK, Inc. (NYSE:OKE)

Jump Financial LLC acquired a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,338 shares of the utilities provider's stock, valued at approximately $1,942,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. boosted its holdings in ONEOK by 4.1% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after buying an additional 96 shares in the last quarter. McAdam LLC boosted its stake in shares of ONEOK by 3.8% during the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock worth $262,000 after acquiring an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC grew its position in shares of ONEOK by 0.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock valued at $1,262,000 after acquiring an additional 100 shares during the period. Mutual Advisors LLC increased its stake in shares of ONEOK by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 103 shares in the last quarter. Finally, Morton Capital Management LLC CA increased its stake in shares of ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock valued at $734,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

OKE traded down $4.28 during trading on Monday, reaching $81.95. The company's stock had a trading volume of 3,477,187 shares, compared to its average volume of 3,161,648. The company has a market cap of $51.19 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 3.77 and a beta of 1.20. The firm has a fifty day simple moving average of $93.07 and a two-hundred day simple moving average of $99.31. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.46 by $0.11. The firm had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.03%. This is a positive change from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio is currently 79.69%.

Analyst Ratings Changes

A number of equities analysts have issued reports on OKE shares. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Barclays cut their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Scotiabank reduced their price objective 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. Finally, Morgan Stanley lifted their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and a consensus target price of $106.42.

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.