Caisse DE Depot ET Placement DU Quebec Boosts Stake in ONEOK, Inc. (NYSE:OKE)

Caisse DE Depot ET Placement DU Quebec lifted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 3,784.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,379 shares of the utilities provider's stock after acquiring an additional 178,658 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in ONEOK were worth $18,411,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC lifted its position in shares of ONEOK by 14,279.1% during the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after buying an additional 21,847 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of ONEOK by 57.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after purchasing an additional 5,321 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in ONEOK in the 4th quarter worth approximately $251,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ONEOK by 9.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after purchasing an additional 136,071 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of ONEOK in the 4th quarter valued at approximately $9,483,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Barclays decreased 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 ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Scotiabank lowered their price target on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Monday, February 10th. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.00.

ONEOK Price Performance

Shares of OKE stock traded up $2.66 during trading hours on Thursday, hitting $82.91. The company had a trading volume of 1,901,770 shares, compared to its average volume of 3,222,905. The firm's fifty day moving average is $89.62 and its 200 day moving average is $98.26. The firm has a market capitalization of $51.79 billion, a price-to-earnings ratio of 17.34, a PEG 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, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07.

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

ONEOK Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Monday, May 5th. ONEOK's dividend payout ratio is 80.47%.

About ONEOK

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.