4,549 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Hoxton Planning & Management LLC

Key Points

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Hoxton Planning & Management LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,549 shares of the utilities provider's stock, valued at approximately $451,000.

A number of other hedge funds have also recently bought and sold shares of OKE. Brighton Jones LLC boosted its position in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock worth $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Schroder Investment Management Group boosted its position in ONEOK by 3.5% during the fourth quarter. Schroder Investment Management Group now owns 117,842 shares of the utilities provider's stock worth $11,876,000 after acquiring an additional 3,947 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of ONEOK by 19.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 71,355 shares of the utilities provider's stock valued at $7,164,000 after buying an additional 11,506 shares during the period. Franklin Resources Inc. grew its stake in shares of ONEOK by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 225,780 shares of the utilities provider's stock valued at $22,668,000 after buying an additional 5,626 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of ONEOK by 46.1% during the 4th quarter. National Bank of Canada FI now owns 1,019,656 shares of the utilities provider's stock valued at $102,420,000 after buying an additional 321,671 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

OKE opened at $82.27 on Thursday. The company has a 50-day moving average of $81.45 and a 200-day moving average of $89.10. The company has a market capitalization of $51.79 billion, a P/E ratio of 16.07, a PEG ratio of 1.98 and a beta of 0.93. ONEOK, Inc. has a 1-year low of $75.47 and a 1-year high of $118.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share 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 15.58% and a net margin of 12.15%. During the same period in the previous year, the firm posted $1.09 EPS. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Friday, August 1st. ONEOK's payout ratio is currently 80.47%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OKE shares. Barclays lowered their price objective on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. TD Cowen started coverage on shares of ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company reduced their target price 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. Finally, Raymond James Financial reduced their target price on shares of ONEOK from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, July 22nd. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.86.

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.

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