Deutsche Bank AG Lowers Stake in ONEOK, Inc. (NYSE:OKE)

Deutsche Bank AG lowered its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,322,960 shares of the utilities provider's stock after selling 315,093 shares during the period. Deutsche Bank AG owned approximately 1.60% of ONEOK worth $936,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in ONEOK by 10.7% in the fourth quarter. CoreCap Advisors LLC now owns 3,864 shares of the utilities provider's stock valued at $388,000 after acquiring an additional 374 shares during the period. Centiva Capital LP purchased a new stake in ONEOK during the fourth quarter worth $735,000. Cetera Investment Advisers grew its position in ONEOK by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 642,028 shares of the utilities provider's stock valued at $64,460,000 after buying an additional 7,276 shares during the period. Bramshill Investments LLC purchased a new position in ONEOK in the fourth quarter valued at $1,528,000. Finally, Cary Street Partners Financial LLC purchased a new position in ONEOK in the fourth quarter valued at $1,522,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Monday, February 10th. Scotiabank reduced their target price on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Citigroup cut their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

ONEOK Trading Up 2.7%

ONEOK stock traded up $2.32 during trading on Tuesday, reaching $87.36. 1,879,644 shares of the company were exchanged, compared to its average volume of 4,137,659. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock's 50 day simple moving average is $88.96 and its two-hundred day simple moving average is $97.98. The company has a market capitalization of $54.57 billion, a P/E ratio of 18.28, a PEG ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52-week low of $75.47 and a 52-week high of $118.07.

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

ONEOK Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.72%. ONEOK's dividend payout ratio (DPR) is 80.47%.

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.