Heck Capital Advisors LLC Invests $1.29 Million in ONEOK, Inc. (NYSE:OKE)

Heck Capital Advisors LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,804 shares of the utilities provider's stock, valued at approximately $1,286,000.

Several other hedge funds have also added to or reduced their stakes in OKE. Greenline Partners LLC bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $32,000. Vermillion Wealth Management Inc. purchased a new stake in ONEOK during the 4th quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK in the 4th quarter worth $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK in the fourth quarter worth $40,000. Finally, J.Safra Asset Management Corp bought a new position in shares of ONEOK during the fourth quarter valued at $48,000. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

NYSE OKE traded down $1.17 on Wednesday, hitting $80.57. 3,570,039 shares of the company traded hands, compared to its average volume of 3,284,841. The business's 50 day moving average price is $86.50 and its 200-day moving average price is $96.85. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. 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 market capitalization of $50.32 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period last year, the business earned $1.09 EPS. Equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared 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 dividend yield of 5.11%. ONEOK's payout ratio is currently 80.47%.

Wall Street Analysts Forecast Growth

OKE has been the subject of several research analyst reports. Citigroup reduced their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective 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. Scotiabank cut their target price on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating for the company in a research report on Tuesday, May 20th. Finally, Barclays lowered their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Six 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. According to MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and a consensus price target of $104.69.

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.