ONEOK, Inc. (NYSE:OKE) Stock Holdings Increased by Natixis

Natixis raised its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 340.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,265 shares of the utilities provider's stock after acquiring an additional 30,351 shares during the quarter. Natixis' holdings in ONEOK were worth $3,942,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. MetLife Investment Management LLC grew its position in ONEOK by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 155,042 shares of the utilities provider's stock worth $15,566,000 after buying an additional 2,744 shares during the period. Ossiam grew its holdings in shares of ONEOK by 65.2% in the 4th quarter. Ossiam now owns 910 shares of the utilities provider's stock worth $91,000 after acquiring an additional 359 shares during the period. Norinchukin Bank The increased its stake in ONEOK by 12.1% in the 4th quarter. Norinchukin Bank The now owns 27,809 shares of the utilities provider's stock valued at $2,792,000 after purchasing an additional 3,001 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in ONEOK by 3.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,033 shares of the utilities provider's stock worth $3,517,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Curi RMB Capital LLC grew its holdings in ONEOK by 1.3% in the fourth quarter. Curi RMB Capital LLC now owns 35,587 shares of the utilities provider's stock valued at $3,573,000 after purchasing an additional 466 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.1 %

Shares of OKE stock traded up $0.10 during mid-day trading on Friday, reaching $86.38. The company's stock had a trading volume of 1,831,798 shares, compared to its average volume of 3,172,312. 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 capitalization of $53.95 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The company's 50 day simple moving average is $92.28 and its 200-day simple moving average is $99.04. ONEOK, Inc. has a 12-month low of $75.48 and a 12-month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.18 billion. On average, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, May 5th. ONEOK's payout ratio is 79.69%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Wells Fargo & Company reduced their price objective on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Citigroup assumed coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price objective for the company. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Scotiabank cut their price objective on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $106.42.

About ONEOK

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.