6,656 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,656 shares of the utilities provider's stock, valued at approximately $668,000.

Several other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its stake in ONEOK by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 227,264 shares of the utilities provider's stock worth $22,818,000 after acquiring an additional 2,773 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of ONEOK in the fourth quarter worth approximately $238,000. Aptus Capital Advisors LLC grew its position in ONEOK by 84.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 8,179 shares of the utilities provider's stock valued at $821,000 after purchasing an additional 3,746 shares in the last quarter. West Paces Advisors Inc. increased its stake in ONEOK by 4.7% in the 4th quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock valued at $254,000 after buying an additional 114 shares during the period. Finally, Westbourne Investments Inc. purchased a new stake in ONEOK in the 4th quarter worth approximately $240,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of NYSE OKE traded up $0.08 during mid-day trading on Friday, hitting $82.33. The company had a trading volume of 2,884,754 shares, compared to its average volume of 3,242,426. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The firm has a market cap of $51.43 billion, a P/E ratio of 17.22, a PEG ratio of 3.77 and a beta of 1.01. The business's 50-day simple moving average is $89.10 and its 200-day simple moving average is $98.05. 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 (NYSE:OKE - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the business earned $1.09 earnings per share. As a group, analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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 paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio is 80.47%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Scotiabank dropped their price objective on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus reduced their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Monday, February 10th. Finally, Citigroup reduced their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Tuesday. Seven investment 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. Based on data from 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.