ONEOK, Inc. (NYSE:OKE) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 240.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,790,760 shares of the utilities provider's stock after acquiring an additional 1,971,147 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.48% of ONEOK worth $280,194,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP increased its stake in ONEOK by 19.9% in the fourth quarter. Dark Forest Capital Management LP now owns 7,924 shares of the utilities provider's stock valued at $796,000 after purchasing an additional 1,317 shares during the last quarter. Uniplan Investment Counsel Inc. increased its stake in shares of ONEOK by 0.3% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 50,970 shares of the utilities provider's stock valued at $5,117,000 after acquiring an additional 132 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of ONEOK by 2.4% during the 4th quarter. IHT Wealth Management LLC now owns 18,835 shares of the utilities provider's stock worth $1,891,000 after acquiring an additional 441 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in shares of ONEOK in the fourth quarter worth approximately $2,640,000. Finally, State of Tennessee Department of Treasury grew its holdings in ONEOK by 1.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 138,877 shares of the utilities provider's stock valued at $13,943,000 after purchasing an additional 1,498 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup started coverage on shares of ONEOK in a report on Friday, February 28th. They issued a "buy" rating and a $110.00 price target on the stock. Barclays decreased their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. Finally, Scotiabank cut their target price on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday. 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.25.

ONEOK Stock Down 0.1 %

Shares of OKE stock traded down $0.06 during mid-day trading on Tuesday, reaching $87.81. 3,490,347 shares of the company were exchanged, compared to its average volume of 3,186,003. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The business's 50 day simple moving average is $91.81 and its 200 day simple moving average is $98.99. The company has a market capitalization of $54.85 billion, a P/E ratio of 18.37, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the company posted $1.09 earnings per share. Research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

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.