Jones Financial Companies Lllp Buys 148,476 Shares of ONEOK, Inc. (NYSE:OKE)

Jones Financial Companies Lllp boosted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 137.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,434 shares of the utilities provider's stock after purchasing an additional 148,476 shares during the quarter. Jones Financial Companies Lllp's holdings in ONEOK were worth $25,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OKE. SRS Capital Advisors Inc. boosted its position in shares of ONEOK by 115.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,167 shares of the utilities provider's stock valued at $117,000 after acquiring an additional 626 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in ONEOK in the 4th quarter worth approximately $133,000. Smartleaf Asset Management LLC boosted its holdings in ONEOK by 48.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,780 shares of the utilities provider's stock valued at $1,288,000 after purchasing an additional 4,170 shares during the period. Hickory Point Bank & Trust purchased a new position in shares of ONEOK during the 4th quarter valued at $219,000. Finally, Purkiss Capital Advisors LLC bought a new position in shares of ONEOK in the fourth quarter worth $594,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OKE shares. Citigroup began coverage on ONEOK in a research note on Friday. They set a "buy" rating and a $110.00 price objective for the company. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Mizuho raised shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Wells Fargo & Company cut their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, Barclays initiated coverage on shares of ONEOK in a research report on Thursday, February 6th. They set an "equal weight" rating and a $105.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $104.15.

ONEOK Trading Down 3.8 %

Shares of NYSE:OKE traded down $3.82 on Monday, reaching $96.57. 3,556,230 shares of the company traded hands, compared to its average volume of 4,050,158. The business's 50-day simple moving average is $100.91 and its 200 day simple moving average is $99.29. 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 52 week low of $75.69 and a 52 week high of $118.07. The stock has a market capitalization of $60.29 billion, a P/E ratio of 20.20, a price-to-earnings-growth 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 earnings per share for the quarter, beating 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 firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS 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. This is a positive change from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Monday, February 3rd. ONEOK's dividend payout ratio is currently 79.69%.

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.