Cetera Investment Advisers Has $64.46 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Cetera Investment Advisers increased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 642,028 shares of the utilities provider's stock after buying an additional 7,276 shares during the quarter. Cetera Investment Advisers owned 0.11% of ONEOK worth $64,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OKE. Kieckhefer Group LLC bought a new position in ONEOK in the 4th quarter valued at about $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK during the 4th quarter valued at $39,000. Canton Hathaway LLC bought a new position in ONEOK during the fourth quarter worth about $40,000. J.Safra Asset Management Corp bought a new stake in shares of ONEOK during the 4th quarter valued at $48,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of ONEOK during the fourth quarter valued at about $50,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Citigroup lowered their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company reduced their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Morgan Stanley upped 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. Finally, 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 report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

ONEOK Price Performance

OKE stock traded up $2.16 during trading on Monday, hitting $84.46. The stock had a trading volume of 1,303,026 shares, compared to its average volume of 3,241,147. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market cap of $52.75 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company's 50 day moving average price is $89.10 and its two-hundred day moving average price is $98.07. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07.

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

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.88%. ONEOK's dividend payout ratio (DPR) 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.