223,847 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 223,847 shares of the utilities provider's stock, valued at approximately $22,474,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in shares of ONEOK by 8.8% during the third quarter. Empowered Funds LLC now owns 9,884 shares of the utilities provider's stock worth $901,000 after purchasing an additional 797 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of ONEOK by 25.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 11,409 shares of the utilities provider's stock valued at $1,040,000 after purchasing an additional 2,307 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of ONEOK by 10.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 71,918 shares of the utilities provider's stock valued at $6,554,000 after purchasing an additional 6,713 shares during the period. Pacer Advisors Inc. boosted its holdings in ONEOK by 47.6% during the third quarter. Pacer Advisors Inc. now owns 133,555 shares of the utilities provider's stock worth $12,171,000 after buying an additional 43,101 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in ONEOK by 0.6% during the third quarter. Raymond James Trust N.A. now owns 25,234 shares of the utilities provider's stock worth $2,300,000 after buying an additional 147 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

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ONEOK Trading Up 0.1 %

ONEOK stock traded up $0.12 during trading on Tuesday, reaching $102.42. The company had a trading volume of 2,666,986 shares, compared to its average volume of 2,859,856. ONEOK, Inc. has a 12-month low of $76.23 and a 12-month high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock's 50 day moving average price is $98.91 and its two-hundred day moving average price is $99.99. The firm has a market capitalization of $63.94 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 3.77 and a beta of 1.70.

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, topping analysts' consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. As a group, equities analysts expect 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 issued a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.02%. This is a boost from ONEOK's previous quarterly dividend of $0.99. ONEOK's payout ratio is presently 79.69%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company decreased their price target on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Monday, February 10th. Citigroup initiated coverage on ONEOK in a research note on Friday, February 28th. They set a "buy" rating and a $110.00 price target for the company. Morgan Stanley lifted their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Barclays lowered their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and an average price target of $105.00.

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.