Nisa Investment Advisors LLC Buys 7,925 Shares of ONEOK, Inc. (NYSE:OKE)

Nisa Investment Advisors LLC boosted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,642 shares of the utilities provider's stock after purchasing an additional 7,925 shares during the period. Nisa Investment Advisors LLC's holdings in ONEOK were worth $18,419,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock worth $1,534,000 after acquiring an additional 8,834 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of ONEOK during the fourth quarter worth $258,000. Assetmark Inc. lifted its position in shares of ONEOK by 43.2% during the fourth quarter. Assetmark Inc. now owns 1,806 shares of the utilities provider's stock worth $181,000 after acquiring an additional 545 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of ONEOK by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 85,970 shares of the utilities provider's stock worth $8,632,000 after acquiring an additional 1,062 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in shares of ONEOK by 15.6% during the fourth quarter. Johnson Investment Counsel Inc. now owns 15,659 shares of the utilities provider's stock worth $1,572,000 after acquiring an additional 2,119 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on OKE shares. JPMorgan Chase & Co. increased their target price on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Scotiabank lowered their price objective on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 5th. Barclays lowered their price objective on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Wells Fargo & Company lowered 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. Finally, Citigroup lowered their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and a consensus price target of $103.14.

ONEOK Price Performance

OKE traded up $0.47 during trading on Friday, reaching $81.38. The stock had a trading volume of 2,315,889 shares, compared to its average volume of 3,480,782. The stock has a market cap of $51.23 billion, a PE ratio of 15.89, a PEG ratio of 1.55 and a beta of 0.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The business has a 50-day moving average of $81.94 and a 200-day moving average of $90.75.

ONEOK (NYSE:OKE - Get Free Report) last released its 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). The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. During the same period in the prior year, the company earned $1.09 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal 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 $1.03 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.06%. 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.