Northstar Financial Companies Inc. Takes Position in ONEOK, Inc. (NYSE:OKE)

Northstar Financial Companies Inc. acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,955 shares of the utilities provider's stock, valued at approximately $598,000.

A number of other large investors have also made changes to their positions in OKE. Greenline Partners LLC purchased a new position in shares of ONEOK in the 4th quarter valued at about $32,000. Vermillion Wealth Management Inc. purchased a new position in shares of ONEOK in the 4th quarter valued at about $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK in the 4th quarter valued at about $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK in the 4th quarter valued at about $40,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of ONEOK in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Trading Down 0.1%

Shares of ONEOK stock traded down $0.06 during mid-day trading on Friday, hitting $80.62. 8,053,036 shares of the stock were exchanged, compared to its average volume of 3,304,615. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The stock has a market capitalization of $50.36 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a 50-day simple moving average of $85.25 and a 200 day simple moving average of $96.19. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.49 billion for the quarter, compared to analysts' expectations 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 company earned $1.09 earnings per share. Research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.11%. ONEOK's payout ratio is 80.47%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OKE shares. Stifel Nicolaus cut their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Scotiabank lowered their price objective on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, May 20th. Citigroup lowered their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Finally, US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.69.

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.