DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Stock Position in ONEOK, Inc. (NYSE:OKE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 256,976 shares of the utilities provider's stock after selling 66,054 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in ONEOK were worth $25,800,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of ONEOK by 16.1% during the 3rd quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider's stock worth $172,131,000 after acquiring an additional 262,486 shares in the last quarter. Principal Financial Group Inc. raised its holdings in ONEOK by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 710,314 shares of the utilities provider's stock valued at $64,731,000 after acquiring an additional 24,193 shares during the last quarter. Diversified Trust Co raised its holdings in ONEOK by 40.7% in the 4th quarter. Diversified Trust Co now owns 6,515 shares of the utilities provider's stock valued at $654,000 after acquiring an additional 1,883 shares during the last quarter. First Hawaiian Bank raised its holdings in ONEOK by 61.9% in the 4th quarter. First Hawaiian Bank now owns 23,183 shares of the utilities provider's stock valued at $2,328,000 after acquiring an additional 8,867 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in ONEOK by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 223,459 shares of the utilities provider's stock valued at $22,435,000 after acquiring an additional 4,915 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Up 0.1%

Shares of NYSE:OKE traded up $0.08 during trading on Friday, hitting $82.33. The company's stock had a trading volume of 2,884,754 shares, compared to its average volume of 3,248,639. The business has a 50 day moving average price of $89.10 and a two-hundred day moving average price of $98.07. The company has a market capitalization of $51.43 billion, a PE ratio of 17.22, a P/E/G ratio of 3.77 and a beta of 1.01. 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 fifty-two week low of $75.48 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). The business had revenue of $6.49 billion during 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 last year, the firm earned $1.09 EPS. As a group, research analysts expect 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 given a dividend of $1.03 per share. 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 is presently 80.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OKE shares. Scotiabank cut their price target on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Morgan Stanley lifted their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Finally, Barclays reduced their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Seven equities research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.