Beryl Capital Management LLC Purchases Shares of 74,877 ONEOK, Inc. (NYSE:OKE)

Beryl Capital Management LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 74,877 shares of the utilities provider's stock, valued at approximately $7,518,000. ONEOK accounts for about 1.7% of Beryl Capital Management LLC's investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the fourth quarter worth $30,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of ONEOK during the 4th quarter worth about $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp acquired a new stake in shares of ONEOK during the 4th quarter worth about $48,000. Finally, VSM Wealth Advisory LLC acquired a new position in ONEOK in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE traded up $0.13 during mid-day trading on Friday, reaching $82.38. 1,684,318 shares of the company's stock were exchanged, compared to its average volume of 3,232,236. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 3.77 and a beta of 1.01. The company has a 50-day simple moving average of $89.33 and a two-hundred day simple moving average of $98.16.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). The firm had revenue of $6.49 billion for the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the firm earned $1.09 earnings per share. On average, sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 5.00%. The ex-dividend date is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is 80.47%.

Analysts Set New Price Targets

OKE has been the subject of several research analyst reports. Scotiabank lowered their target price on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Citigroup cut their target price on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus lowered their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

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.