O Shaughnessy Asset Management LLC Acquires 11,506 Shares of ONEOK, Inc. (NYSE:OKE)

O Shaughnessy Asset Management LLC lifted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,355 shares of the utilities provider's stock after buying an additional 11,506 shares during the period. O Shaughnessy Asset Management LLC's holdings in ONEOK were worth $7,164,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OKE. Clearbridge Investments LLC increased its stake in ONEOK by 1.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,976,864 shares of the utilities provider's stock worth $198,477,000 after purchasing an additional 32,484 shares during the period. ClearBridge Investments Ltd purchased a new position in shares of ONEOK in the fourth quarter worth $177,045,000. Summit Securities Group LLC bought a new stake in ONEOK during the 4th quarter valued at $6,144,000. Schroder Investment Management Group boosted its position in ONEOK by 3.5% during the 4th quarter. Schroder Investment Management Group now owns 117,842 shares of the utilities provider's stock valued at $11,876,000 after buying an additional 3,947 shares during the period. Finally, Cambridge Financial Group Inc. bought a new stake in ONEOK in the 4th quarter worth $9,406,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analysts Set New Price Targets

OKE has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of ONEOK in a research note on Friday, February 28th. 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 target for the company in a research report on Monday, February 10th. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Morgan Stanley upped their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Scotiabank dropped their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research note on Thursday, March 6th. Seven equities 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

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ONEOK Stock Down 12.9 %

NYSE OKE traded down $11.98 during trading hours 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. ONEOK, Inc. has a 52-week low of $76.23 and a 52-week high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a 50-day simple moving average of $97.08 and a 200 day simple moving average of $100.30. The firm has a market cap of $50.40 billion, a PE ratio of 16.89, a PEG ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.11. The firm 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%. Sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared 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. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 5.10%. 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.