122,674 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 122,674 shares of the utilities provider's stock, valued at approximately $12,172,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKE. Greenline Partners LLC acquired a new stake in ONEOK in the 4th quarter valued at $32,000. First Pacific Financial acquired a new stake in ONEOK in the 1st quarter valued at $34,000. Vermillion Wealth Management Inc. acquired a new stake in ONEOK in the 4th quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in ONEOK in the 4th quarter valued at $39,000. Finally, Rakuten Securities Inc. increased its stake in ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider's stock valued at $42,000 after buying an additional 254 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE OKE opened at $81.27 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $51.16 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.59 and a beta of 0.94. The firm's 50 day simple moving average is $82.57 and its 200 day simple moving average is $92.30. 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 issued its earnings results 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). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.07%. ONEOK's dividend payout ratio is currently 80.47%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered 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 note on Thursday, May 1st. Citigroup decreased their price objective 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. Stifel Nicolaus lowered their price objective 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. Barclays lowered their price objective on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 3rd. Finally, Scotiabank lowered their price objective on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.67.

ONEOK 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.

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