Coppell Advisory Solutions LLC Buys 2,980 Shares of ONEOK, Inc. (NYSE:OKE)

Coppell Advisory Solutions LLC raised its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 116.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,550 shares of the utilities provider's stock after acquiring an additional 2,980 shares during the quarter. Coppell Advisory Solutions LLC's holdings in ONEOK were worth $559,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $30,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp acquired a new stake in shares of ONEOK in the 4th quarter valued at about $48,000. VSM Wealth Advisory LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $50,000. Finally, OFI Invest Asset Management bought a new stake in shares of ONEOK during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Citigroup started coverage on shares of ONEOK in a research report on Friday, February 28th. They issued a "buy" rating and a $110.00 target price for the company. Finally, Scotiabank decreased their price objective on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.25.

ONEOK Stock Down 0.3 %

NYSE OKE traded down $0.26 on Tuesday, reaching $87.61. The stock had a trading volume of 1,108,186 shares, compared to its average volume of 3,176,775. The business has a 50 day moving average price of $91.81 and a 200 day moving average price of $98.99. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a market capitalization of $54.72 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. On average, analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The business 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 of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.70%. ONEOK's dividend payout ratio is currently 79.69%.

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.