Centiva Capital LP Buys Shares of 7,316 ONEOK, Inc. (NYSE:OKE)

Centiva Capital LP acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,316 shares of the utilities provider's stock, valued at approximately $735,000.

Other hedge funds have also recently made changes to their positions in the company. Kieckhefer Group LLC bought a new position in shares of ONEOK during the fourth quarter valued at about $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK in the fourth quarter worth about $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp purchased a new position in ONEOK during the fourth quarter valued at approximately $48,000. Finally, VSM Wealth Advisory LLC purchased a new position in ONEOK during the fourth quarter valued at approximately $50,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

OKE traded up $0.08 during trading on Friday, reaching $82.33. 2,884,754 shares of the company traded hands, compared to its average volume of 3,248,639. 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. The firm has a fifty day simple moving average of $89.10 and a 200 day simple moving average of $98.07. The company 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.

ONEOK (NYSE:OKE - Get Free Report) last posted its 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 net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the business posted $1.09 earnings per share. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Analyst Ratings Changes

A number of research firms have commented on OKE. Morgan Stanley boosted their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Barclays lowered their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report 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. Stifel Nicolaus decreased their price objective on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Scotiabank reduced their target price 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. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.