Achmea Investment Management B.V. Purchases 53,671 Shares of ONEOK, Inc. (NYSE:OKE)

Achmea Investment Management B.V. grew its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 42.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,905 shares of the utilities provider's stock after purchasing an additional 53,671 shares during the period. Achmea Investment Management B.V.'s holdings in ONEOK were worth $17,850,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Mindset Wealth Management LLC increased its holdings in ONEOK by 0.7% during the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock worth $1,618,000 after buying an additional 106 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of ONEOK by 1.1% in the first quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock valued at $1,017,000 after purchasing an additional 108 shares during the last quarter. 1620 Investment Advisors Inc. raised its position in shares of ONEOK by 1.9% in the fourth quarter. 1620 Investment Advisors Inc. now owns 5,880 shares of the utilities provider's stock valued at $590,000 after purchasing an additional 112 shares during the period. West Paces Advisors Inc. lifted its stake in shares of ONEOK by 4.7% during the 4th quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock worth $254,000 after buying an additional 114 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC grew its stake in ONEOK by 0.8% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider's stock valued at $1,560,000 after buying an additional 130 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE opened at $81.30 on Friday. The business has a 50-day moving average of $82.67 and a 200-day moving average of $92.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. The company has a market capitalization of $51.18 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94. 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 released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OKE. Barclays cut their price objective on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Scotiabank reduced their target price on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 5th. Wells Fargo & Company cut their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased 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. Finally, Citigroup cut their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ONEOK presently has an average rating of "Moderate Buy" and a consensus price target of $104.67.

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.

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