ONEOK, Inc. (NYSE:OKE) Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 5,046.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,469 shares of the utilities provider's stock after buying an additional 9,285 shares during the period. New Age Alpha Advisors LLC's holdings in ONEOK were worth $951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC lifted its stake 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 in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in ONEOK by 57.9% during 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 purchased a new position in ONEOK during the fourth quarter worth about $251,000. Sumitomo Mitsui Trust Group Inc. increased its stake 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 worth $155,038,000 after acquiring an additional 136,071 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in ONEOK in the 4th quarter worth about $9,483,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Price Performance

NYSE:OKE traded down $11.98 on Friday, reaching $80.73. 11,053,742 shares of the company's stock traded hands, compared to its average volume of 3,081,273. The stock has a 50-day simple moving average of $97.08 and a 200-day simple moving average of $100.26. The firm has a market cap of $50.40 billion, a PE ratio of 16.89, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 12 month low of $76.23 and a 12 month high of $118.07. 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 (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Equities research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current 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 issued a $1.03 dividend. This is a boost from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 5.10%. ONEOK's payout ratio is presently 79.69%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OKE. Wells Fargo & Company decreased their price objective on shares of 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 shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Barclays dropped their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Scotiabank lowered their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Citigroup initiated coverage on ONEOK in a report on Friday, February 28th. They issued a "buy" rating and a $110.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

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.