Czech National Bank Buys 15,841 Shares of ONEOK, Inc. (NYSE:OKE)

Czech National Bank grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,504 shares of the utilities provider's stock after purchasing an additional 15,841 shares during the quarter. Czech National Bank's holdings in ONEOK were worth $14,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of ONEOK by 9.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after buying an additional 136,071 shares in the last quarter. Cinctive Capital Management LP bought a new stake in ONEOK in the 4th quarter valued at $19,909,000. Americana Partners LLC increased its holdings in shares of ONEOK by 258.6% in the 4th quarter. Americana Partners LLC now owns 271,836 shares of the utilities provider's stock worth $27,292,000 after buying an additional 196,038 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at $34,360,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of ONEOK by 41.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 15,399 shares of the utilities provider's stock worth $1,546,000 after buying an additional 4,538 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

NYSE OKE traded up $0.58 during midday trading on Thursday, hitting $81.10. The company had a trading volume of 5,370,772 shares, compared to its average volume of 3,334,470. The company has a market capitalization of $50.66 billion, a PE ratio of 16.97, a P/E/G ratio of 3.77 and a beta of 0.94. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average price of $83.85 and a 200-day moving average price of $95.59. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07.

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 net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm posted $1.09 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's payout ratio is currently 80.47%.

Analysts Set New Price Targets

A number of research analysts have issued reports on OKE shares. Citigroup decreased their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Monday, February 10th. Stifel Nicolaus cut their price objective on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. 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 note on Thursday, May 1st. Finally, Scotiabank reduced their price target on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a research report on Thursday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.69.

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.