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Aurora Private Wealth Inc. Takes Position in ONEOK, Inc. (NYSE:OKE)

ONEOK logo with Energy background

Aurora Private Wealth Inc. bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,008 shares of the utilities provider's stock, valued at approximately $1,092,000.

A number of other large investors have also modified their holdings of the stock. Mindset Wealth Management LLC grew its stake in shares of ONEOK by 0.7% in the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock valued at $1,618,000 after buying an additional 106 shares in the last quarter. Marcum Wealth LLC grew its stake in ONEOK by 1.1% during the 1st 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 in the last quarter. 1620 Investment Advisors Inc. grew its stake in ONEOK by 1.9% during the 4th 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 in the last quarter. West Paces Advisors Inc. grew its stake in ONEOK by 4.7% during the 4th quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 114 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC grew its stake in ONEOK by 0.8% during 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 purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on OKE. Scotiabank lowered their price objective on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Barclays lowered their price objective on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Stifel Nicolaus reduced 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. 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $104.08.

Read Our Latest Stock Analysis on OKE

ONEOK Stock Performance

Shares of NYSE OKE traded down $0.42 during mid-day trading on Friday, hitting $81.73. The company had a trading volume of 1,757,598 shares, compared to its average volume of 3,447,486. The stock has a market cap of $51.45 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.61 and a beta of 0.93. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. 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 firm's 50 day simple moving average is $82.27 and its two-hundred day simple moving average is $91.50.

ONEOK (NYSE:OKE - Get Free Report) last announced 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). 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 last year, the business posted $1.09 EPS. As a group, equities research analysts forecast 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 issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio (DPR) is 80.47%.

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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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