Capital Investment Advisors LLC Acquires 10,957 Shares of ONEOK, Inc. (NYSE:OKE)

Capital Investment Advisors LLC lifted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,997 shares of the utilities provider's stock after acquiring an additional 10,957 shares during the quarter. Capital Investment Advisors LLC's holdings in ONEOK were worth $28,774,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OKE. Greenline Partners LLC bought a new stake in ONEOK in the 4th quarter valued at about $32,000. Vermillion Wealth Management Inc. purchased a new position in shares of ONEOK in the fourth quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK during the fourth quarter valued at $39,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the 4th quarter valued at about $40,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of ONEOK during the 4th quarter valued at $48,000. 69.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OKE. Morgan Stanley lifted their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Monday, February 10th. Scotiabank lowered their price objective on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a report on Thursday. Citigroup cut their price objective 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, Wells Fargo & Company decreased their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.69.

ONEOK Price Performance

NYSE OKE traded down $0.59 during trading hours on Monday, hitting $81.13. The company had a trading volume of 4,771,052 shares, compared to its average volume of 3,347,387. The firm has a 50 day simple moving average of $83.49 and a 200 day simple moving average of $95.10. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07. The firm has a market capitalization of $51.07 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.77 and a beta of 0.94. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

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 16.84% and a net margin of 14.05%. The company had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the prior year, the firm earned $1.09 EPS. Equities research analysts expect 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. Stockholders of record on Monday, May 5th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

ONEOK 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.