Schonfeld Strategic Advisors LLC Makes New $3.86 Million Investment in ONEOK, Inc. (NYSE:OKE)

Schonfeld Strategic Advisors LLC bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,443 shares of the utilities provider's stock, valued at approximately $3,860,000.

Several other large investors also recently added to or reduced their stakes in the business. Kieckhefer Group LLC bought a new stake in shares of ONEOK in the fourth quarter worth about $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in ONEOK during the fourth quarter valued at approximately $39,000. Canton Hathaway LLC bought a new position in ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp acquired a new stake in ONEOK in the fourth quarter valued at approximately $48,000. Finally, VSM Wealth Advisory LLC purchased a new position in ONEOK during the 4th quarter worth $50,000. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Citigroup lowered their target price on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Scotiabank lowered their price objective on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Finally, US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Seven investment 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $105.00.

ONEOK Stock Up 0.0 %

OKE traded up $0.04 during midday trading on Friday, hitting $82.29. 1,467,923 shares of the company's stock traded hands, compared to its average volume of 3,231,384. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The stock's fifty day simple moving average is $89.33 and its 200-day simple moving average is $98.16. The company has a market cap of $51.40 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

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.