38,443 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 38,443 shares of the utilities provider's stock, valued at approximately $3,860,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in ONEOK by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock worth $7,040,075,000 after buying an additional 558,789 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in ONEOK by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock worth $1,848,844,000 after acquiring an additional 934,007 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ONEOK by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock worth $1,405,697,000 after acquiring an additional 357,015 shares in the last quarter. Northern Trust Corp raised its holdings in shares of ONEOK by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider's stock valued at $656,200,000 after purchasing an additional 864,392 shares during the last quarter. Finally, Norges Bank bought a new position in shares of ONEOK during the fourth quarter valued at about $539,554,000. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on OKE. Stifel Nicolaus reduced their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday. Citigroup initiated coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 target price for the company. Barclays cut their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Scotiabank dropped 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, April 29th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and an average price target of $105.62.

ONEOK Price Performance

Shares of NYSE OKE opened at $82.77 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The stock has a market cap of $51.70 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The stock has a fifty day moving average of $90.67 and a 200-day moving average of $98.62.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly 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 net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. Equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

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 given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.98%. ONEOK's dividend payout ratio (DPR) is currently 79.69%.

ONEOK Company 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.

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