Aurora Private Wealth Inc. acquired a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,008 shares of the utilities provider's stock, valued at approximately $1,092,000.
Other institutional investors also recently bought and sold shares of the company. Greenline Partners LLC acquired a new stake in ONEOK in the 4th quarter worth about $32,000. Vermillion Wealth Management Inc. acquired a new position in shares of ONEOK during the 4th quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of ONEOK during the 4th quarter worth approximately $39,000. Rakuten Securities Inc. boosted its holdings in shares of ONEOK by 152.1% during the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider's stock worth $42,000 after purchasing an additional 254 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of ONEOK by 87.3% during the 1st quarter. Grove Bank & Trust now owns 459 shares of the utilities provider's stock worth $46,000 after purchasing an additional 214 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.
ONEOK Trading Down 0.1%
OKE traded down $0.05 during trading hours on Friday, reaching $81.27. The company's stock had a trading volume of 3,206,043 shares, compared to its average volume of 3,426,515. 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 business's 50-day moving average is $82.57 and its 200-day moving average is $92.13. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The stock has a market cap of $51.16 billion, a PE ratio of 15.87, a P/E/G ratio of 1.59 and a beta of 0.94.
ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $8.23 billion. During the same quarter last year, the company earned $1.09 earnings per share. As a group, equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.
ONEOK Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio (DPR) is 80.47%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Scotiabank lowered 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. Stifel Nicolaus lowered their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup lowered their target price on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Barclays lowered their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ONEOK currently has a consensus rating of "Moderate Buy" and an average target price of $104.67.
Get Our Latest Analysis on ONEOK
ONEOK Profile
(
Free Report)
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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