National Bank of Canada FI Has $102.42 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

National Bank of Canada FI raised its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 46.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,019,656 shares of the utilities provider's stock after buying an additional 321,671 shares during the period. National Bank of Canada FI owned about 0.17% of ONEOK worth $102,420,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of ONEOK by 11.7% during the 3rd quarter. FMR LLC now owns 1,171,917 shares of the utilities provider's stock worth $106,797,000 after buying an additional 122,362 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of ONEOK by 4.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,721 shares of the utilities provider's stock worth $430,000 after acquiring an additional 200 shares during the period. Kestra Investment Management LLC acquired a new position in shares of ONEOK in the third quarter valued at approximately $206,000. Hilltop Holdings Inc. increased its stake in shares of ONEOK by 36.7% during the third quarter. Hilltop Holdings Inc. now owns 24,538 shares of the utilities provider's stock worth $2,236,000 after purchasing an additional 6,584 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in ONEOK by 3.8% during the 3rd quarter. HighTower Advisors LLC now owns 406,984 shares of the utilities provider's stock worth $37,080,000 after purchasing an additional 14,910 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

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Analysts Set New Price Targets

OKE has been the topic of several recent research reports. Citigroup started coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price objective on the stock. 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. Wolfe Research upgraded 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 report on Monday, February 10th. Scotiabank reduced their target price on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. Finally, Wells Fargo & Company dropped their price target on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Seven investment 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.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

ONEOK Trading Down 12.9 %

OKE stock traded down $11.98 during trading on Friday, hitting $80.73. The company had a trading volume of 11,053,742 shares, compared to its average volume of 3,081,273. The stock has a market cap of $50.40 billion, a PE ratio of 16.89, a PEG ratio of 3.77 and a beta of 1.20. The business has a 50-day moving average of $97.08 and a 200-day moving average of $100.26. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a one year low of $76.23 and a one year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share 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 return on equity of 16.84% and a net margin of 14.05%. Research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 5.10%. ONEOK's payout ratio is 79.69%.

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.