6,765 Shares in ONEOK, Inc. (NYSE:OKE) Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI acquired a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,765 shares of the utilities provider's stock, valued at approximately $679,000.

A number of other institutional investors also recently added to or reduced their stakes in OKE. HM Payson & Co. increased its holdings in ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider's stock valued at $161,000 after acquiring an additional 105 shares in the last quarter. Claro Advisors LLC lifted its stake 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 worth $650,000 after purchasing an additional 115 shares during the period. Haverford Trust Co boosted its holdings in shares of ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock worth $917,000 after purchasing an additional 117 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of ONEOK by 0.9% in the second quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider's stock valued at $1,111,000 after purchasing an additional 122 shares during the period. Finally, Brighton Jones LLC grew its position in shares of ONEOK by 1.1% in the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider's stock valued at $935,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 1.0 %

Shares of OKE traded down $1.01 during mid-day trading on Friday, reaching $101.84. 3,023,550 shares of the stock traded hands, compared to its average volume of 2,642,142. The stock has a fifty day simple moving average of $105.63 and a 200 day simple moving average of $94.75. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month 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. The firm has a market cap of $59.49 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 5.24 and a beta of 1.70.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the firm earned $0.99 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Friday, November 1st. ONEOK's payout ratio is 82.85%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research analyst reports. Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They issued a "buy" rating and a $105.00 price target 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. Scotiabank initiated coverage on shares of ONEOK in a research note on Friday. They set a "sector outperform" rating and a $109.00 price target on the stock. Mizuho raised shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.54.

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.