BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 14,458 Shares of ONEOK, Inc. (NYSE:OKE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 111,851 shares of the utilities provider's stock after acquiring an additional 14,458 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in ONEOK were worth $11,230,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. McAdam LLC grew its position in ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after acquiring an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC grew its holdings in shares of ONEOK by 0.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock valued at $1,262,000 after purchasing an additional 100 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of ONEOK by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 103 shares during the last quarter. Bill Few Associates Inc. increased its position in ONEOK by 3.9% during the 4th quarter. Bill Few Associates Inc. now owns 2,773 shares of the utilities provider's stock worth $278,000 after purchasing an additional 105 shares in the last quarter. Finally, L.M. Kohn & Company lifted its stake in ONEOK by 4.5% in the 4th quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider's stock valued at $247,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE opened at $81.36 on Friday. The business has a 50-day moving average of $87.60 and a 200-day moving average of $97.34. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a market capitalization of $50.82 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

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). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 5.06%. The ex-dividend date was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Wells Fargo & Company reduced their price objective 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 dropped their target price on ONEOK from $100.00 to $96.00 and set a "sector outperform" rating for the company in a research report on Tuesday. Citigroup cut their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their price objective on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.69.

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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