Virtu Financial LLC Takes Position in ONEOK, Inc. (NYSE:OKE)

Virtu Financial LLC bought a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 24,776 shares of the utilities provider's stock, valued at approximately $2,258,000.

Other hedge funds have also recently made changes to their positions in the company. Matrix Trust Co bought a new stake in ONEOK during the third quarter worth approximately $29,000. Quest Partners LLC purchased a new position in shares of ONEOK during the second quarter valued at approximately $28,000. Ridgewood Investments LLC bought a new position in shares of ONEOK during the second quarter valued at approximately $31,000. Access Investment Management LLC purchased a new stake in shares of ONEOK in the third quarter worth approximately $37,000. Finally, Values First Advisors Inc. bought a new stake in shares of ONEOK during the 3rd quarter worth approximately $44,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Down 0.5 %

ONEOK stock traded down $0.49 during trading hours on Friday, reaching $103.98. The stock had a trading volume of 1,801,741 shares, compared to its average volume of 2,801,106. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The company has a market cap of $60.74 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 5.26 and a beta of 1.69. 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 business's 50 day moving average price is $103.37 and its 200-day moving average price is $91.61.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. During the same period in the previous year, the company earned $0.99 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, November 1st. ONEOK's dividend payout ratio is currently 82.85%.

Analysts Set New Price Targets

OKE has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on ONEOK from $100.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. US Capital Advisors raised shares of ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Bank of America began coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a "buy" rating and a $105.00 price objective for the company. Mizuho raised shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Finally, Citigroup boosted their price target on ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, ONEOK has an average rating of "Moderate Buy" and an average target price of $101.00.

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.