Nomura Asset Management Co. Ltd. Has $20.45 Million Position in ONEOK, Inc. (NYSE:OKE)

Nomura Asset Management Co. Ltd. lifted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,656 shares of the utilities provider's stock after purchasing an additional 23,275 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in ONEOK were worth $20,447,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. FNY Investment Advisers LLC grew its position in ONEOK by 14,279.1% in the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after purchasing an additional 21,847 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of ONEOK by 57.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after buying an additional 5,321 shares during the period. Simon Quick Advisors LLC acquired a new stake in ONEOK during the fourth quarter worth about $251,000. Rockefeller Capital Management L.P. increased its stake in ONEOK by 1.9% during the third quarter. Rockefeller Capital Management L.P. now owns 275,137 shares of the utilities provider's stock valued at $25,070,000 after acquiring an additional 5,067 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in ONEOK by 9.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after acquiring an additional 136,071 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

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Wall Street Analyst Weigh In

OKE has been the topic of a number of research reports. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Citigroup assumed coverage on shares of ONEOK in a research note on Friday, February 28th. They issued a "buy" rating and a $110.00 price objective for the company. Barclays decreased their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company dropped 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 report on Wednesday, February 26th. Finally, Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Monday, February 10th. Seven research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

ONEOK Price Performance

Shares of ONEOK stock traded down $6.72 during trading on Thursday, reaching $93.65. The company's stock had a trading volume of 1,536,706 shares, compared to its average volume of 3,028,216. The stock has a 50-day moving average price of $97.80 and a two-hundred day moving average price of $100.36. The stock has a market capitalization of $58.47 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. 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 announced its 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. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.40%. This is a positive change from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK's dividend payout ratio (DPR) is presently 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.