AEGON ASSET MANAGEMENT UK Plc Raises Position in ONEOK, Inc. (NYSE:OKE)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 70.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 495,570 shares of the utilities provider's stock after buying an additional 204,257 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.08% of ONEOK worth $49,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. McAdam LLC raised its stake in ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock worth $262,000 after buying an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC increased its position in shares of ONEOK by 0.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock worth $1,262,000 after purchasing an additional 100 shares in the last quarter. L.M. Kohn & Company increased its position in shares of ONEOK by 4.5% during the fourth quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider's stock worth $247,000 after purchasing an additional 105 shares in the last quarter. Mindset Wealth Management LLC increased its position in shares of 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 purchasing an additional 106 shares in the last quarter. Finally, Marcum Wealth LLC increased its position in shares of ONEOK by 1.1% during the first quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock worth $1,017,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup reduced their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wolfe Research raised 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. Wells Fargo & Company reduced their price target on 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 reduced their price target on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.69.

ONEOK Price Performance

Shares of OKE stock traded up $0.51 during mid-day trading on Friday, hitting $81.70. 3,617,114 shares of the stock were exchanged, compared to its average volume of 3,338,360. The firm has a fifty day moving average of $83.49 and a 200 day moving average of $95.37. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a market cap of $51.03 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 3.77 and a beta of 0.94.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly 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). The company had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the business posted $1.09 earnings per share. Research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

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.