Aptus Capital Advisors LLC Purchases 3,746 Shares of ONEOK, Inc. (NYSE:OKE)

Aptus Capital Advisors LLC increased its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 84.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,179 shares of the utilities provider's stock after purchasing an additional 3,746 shares during the quarter. Aptus Capital Advisors LLC's holdings in ONEOK were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in OKE. FNY Investment Advisers LLC grew its holdings in ONEOK by 14,279.1% during the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after acquiring an additional 21,847 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of ONEOK by 57.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after acquiring an additional 5,321 shares during the period. Simon Quick Advisors LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $251,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in ONEOK by 9.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after acquiring an additional 136,071 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in shares of ONEOK during the 4th quarter worth approximately $9,483,000. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKE has been the subject of a number of recent research reports. Barclays reduced 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 report on Friday, March 7th. Scotiabank cut their target price on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $105.00.

ONEOK Stock Performance

Shares of OKE traded up $0.08 during mid-day trading on Friday, hitting $82.33. The stock had a trading volume of 2,884,754 shares, compared to its average volume of 3,242,426. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The company's fifty day simple moving average is $89.10 and its two-hundred day simple moving average is $98.05. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The company has a market cap of $51.43 billion, a PE ratio of 17.22, a PEG ratio of 3.77 and a beta of 1.01.

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

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a $1.03 dividend. 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 5.00%. ONEOK's payout ratio is 80.47%.

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.