Dimensional Fund Advisors LP Increases Stake in ONEOK, Inc. (NYSE:OKE)

Dimensional Fund Advisors LP raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,981,786 shares of the utilities provider's stock after purchasing an additional 299,115 shares during the period. Dimensional Fund Advisors LP owned 0.68% of ONEOK worth $399,783,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC boosted its holdings in shares of ONEOK by 14,279.1% during the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock valued at $2,208,000 after acquiring an additional 21,847 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in ONEOK by 57.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock worth $1,456,000 after buying an additional 5,321 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at $251,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in ONEOK by 9.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after buying an additional 136,071 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in ONEOK in the 4th quarter worth approximately $9,483,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

Shares of OKE traded up $0.65 during trading hours on Wednesday, reaching $84.70. 4,243,270 shares of the company's stock traded hands, compared to its average volume of 3,171,152. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The stock has a market cap of $52.91 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm's 50 day simple moving average is $92.78 and its 200-day simple moving average is $99.20.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of recent research reports. Scotiabank cut their price target on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company lowered 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. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Citigroup began coverage on shares of ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 target price for the company. Finally, Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.42.

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.