Catalyst Capital Advisors LLC Has $36.46 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Catalyst Capital Advisors LLC increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 144.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 367,433 shares of the utilities provider's stock after purchasing an additional 217,001 shares during the period. ONEOK comprises about 0.7% of Catalyst Capital Advisors LLC's investment portfolio, making the stock its 26th largest position. Catalyst Capital Advisors LLC owned about 0.06% of ONEOK worth $36,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of OKE. Vanguard Group Inc. raised its stake in ONEOK by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock valued at $7,040,075,000 after buying an additional 558,789 shares during the last quarter. Geode Capital Management LLC lifted its position in ONEOK by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock valued at $1,405,697,000 after purchasing an additional 357,015 shares during the period. Northern Trust Corp increased its stake in shares of ONEOK by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider's stock worth $656,200,000 after purchasing an additional 864,392 shares in the last quarter. Norges Bank acquired a new position in ONEOK in the 4th quarter valued at about $539,554,000. Finally, Wellington Management Group LLP increased its stake in ONEOK by 433.4% during the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock worth $422,373,000 after buying an additional 3,418,207 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OKE shares. Morgan Stanley increased their target price on 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 dropped their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Barclays lowered their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. Citigroup cut their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Scotiabank dropped 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, June 5th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and an average target price of $103.14.

ONEOK Price Performance

Shares of OKE traded down $2.50 on Monday, reaching $79.64. The stock had a trading volume of 1,390,322 shares, compared to its average volume of 3,439,477. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average of $82.27 and a 200 day moving average of $91.46. The firm has a market capitalization of $50.13 billion, a PE ratio of 15.53, a PEG ratio of 1.61 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. During the same quarter in the prior year, the business earned $1.09 earnings per share. Sell-side analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 5.17%. ONEOK's payout ratio is 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.