ONEOK, Inc. (NYSE:OKE) Stake Trimmed by Deutsche Bank AG

Deutsche Bank AG decreased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,322,960 shares of the utilities provider's stock after selling 315,093 shares during the period. Deutsche Bank AG owned 1.60% of ONEOK worth $936,025,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. lifted its holdings in shares of ONEOK by 4.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after acquiring an additional 96 shares during the period. McAdam LLC raised its stake in ONEOK by 3.8% during the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock worth $262,000 after purchasing an additional 96 shares during the period. Alliance Wealth Advisors LLC boosted its holdings in shares of ONEOK by 0.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock valued at $1,262,000 after purchasing an additional 100 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of ONEOK by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock valued at $965,000 after buying an additional 103 shares during the period. Finally, Morton Capital Management LLC CA increased its holdings in shares of ONEOK by 1.4% during the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock worth $734,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Stock Performance

NYSE:OKE traded up $0.08 during mid-day trading on Friday, hitting $82.33. The stock had a trading volume of 2,884,754 shares, compared to its average volume of 3,248,639. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a 50 day simple moving average of $89.10 and a 200-day simple moving average of $98.05. The stock has a market capitalization of $51.43 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $6.49 billion for 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 quarter in the prior year, the firm earned $1.09 earnings per share. On average, research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 5.00%. ONEOK's dividend payout ratio is presently 80.47%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of research reports. Barclays lowered their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Stifel Nicolaus dropped their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, Scotiabank cut their target price on 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 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

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.