Mufg Securities Americas Inc. Buys Shares of 8,625 ONEOK, Inc. (NYSE:OKE)

Mufg Securities Americas Inc. purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,625 shares of the utilities provider's stock, valued at approximately $866,000.

Several other institutional investors have also modified their holdings of the company. Greenline Partners LLC purchased a new position in ONEOK during the 4th quarter valued at about $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK during the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp acquired a new position in shares of ONEOK during the 4th quarter worth approximately $48,000. Finally, VSM Wealth Advisory LLC purchased a new stake in ONEOK in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

NYSE:OKE traded down $1.01 during midday trading on Tuesday, reaching $83.72. 624,171 shares of the company traded hands, compared to its average volume of 3,254,168. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a fifty day moving average price of $88.43 and a 200 day moving average price of $97.65. 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, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS 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%. The firm 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 posted $1.09 EPS. On average, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.92%. ONEOK's dividend payout ratio is presently 80.47%.

Analyst Ratings Changes

Several equities analysts have weighed in on OKE shares. Morgan Stanley raised their price target on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Barclays cut their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research note 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. Citigroup decreased their target price on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Monday, February 10th. Six 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $104.69.

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.