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

Aptus Capital Advisors LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 84.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,179 shares of the utilities provider's stock after purchasing an additional 3,746 shares during the period. Aptus Capital Advisors LLC's holdings in ONEOK were worth $821,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OKE. Astoria Portfolio Advisors LLC. grew its stake in ONEOK by 4.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after purchasing an additional 96 shares in the last quarter. McAdam LLC lifted its stake in ONEOK by 3.8% during the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC increased its holdings in shares of ONEOK by 0.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock valued at $1,262,000 after buying an additional 100 shares in the last quarter. Mutual Advisors LLC increased its stake in ONEOK by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock worth $965,000 after purchasing an additional 103 shares in the last quarter. Finally, Morton Capital Management LLC CA increased its position in shares of ONEOK by 1.4% in the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock worth $734,000 after acquiring an additional 104 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 3.4%

Shares of OKE stock traded up $2.79 on Monday, hitting $85.09. 1,027,813 shares of the company's stock traded hands, compared to its average volume of 3,240,196. The company's fifty day simple moving average is $89.10 and its 200 day simple moving average is $98.07. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The stock has a market capitalization of $53.15 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 3.77 and a beta of 1.01. 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 (NYSE:OKE - Get Free Report) last released its 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). 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 company posted $1.09 earnings per share. Equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $1.03 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.84%. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OKE. Wells Fargo & Company dropped their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup decreased their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Morgan Stanley increased their price objective on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Scotiabank lowered their price objective on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. 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 stock. Based on data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average target price of $105.00.

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.