First Hawaiian Bank Buys 8,867 Shares of ONEOK, Inc. (NYSE:OKE)

First Hawaiian Bank increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 61.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,183 shares of the utilities provider's stock after purchasing an additional 8,867 shares during the quarter. First Hawaiian Bank's holdings in ONEOK were worth $2,328,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OKE. Quest Partners LLC bought a new stake in shares of ONEOK in the second quarter worth $28,000. Matrix Trust Co purchased a new position in ONEOK in the third quarter worth about $29,000. Access Investment Management LLC bought a new stake in shares of ONEOK during the 3rd quarter valued at about $37,000. Values First Advisors Inc. purchased a new stake in shares of ONEOK during the 3rd quarter valued at about $44,000. Finally, Fortitude Family Office LLC increased its position in shares of ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

OKE has been the topic of a number of research reports. Morgan Stanley raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $103.00 to $111.00 in a report on Monday, September 16th. Wells Fargo & Company lowered ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price objective for the company. in a research note on Wednesday, December 18th. US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, Mizuho upgraded shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, ONEOK presently has an average rating of "Moderate Buy" and a consensus target price of $101.00.

ONEOK Price Performance

ONEOK stock traded up $1.07 during midday trading on Thursday, reaching $102.68. 2,736,226 shares of the stock traded hands, compared to its average volume of 2,565,804. 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, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The stock's fifty day moving average is $105.46 and its 200-day moving average is $94.61. The stock has a market cap of $59.98 billion, a P/E ratio of 21.48, a PEG ratio of 5.24 and a beta of 1.70.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). The business had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the business posted $0.99 earnings per share. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK's dividend payout ratio is 82.85%.

ONEOK 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.