Illinois Municipal Retirement Fund Has $3.67 Million Stake in ONEOK, Inc. (NYSE:OKE)

Illinois Municipal Retirement Fund grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 28.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,935 shares of the utilities provider's stock after buying an additional 8,185 shares during the period. Illinois Municipal Retirement Fund's holdings in ONEOK were worth $3,665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenline Partners LLC acquired a new stake in shares of ONEOK during the 4th quarter worth $32,000. First Pacific Financial purchased a new position in ONEOK in the 1st quarter valued at about $34,000. Vermillion Wealth Management Inc. purchased a new position in ONEOK in the 4th quarter valued at about $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in ONEOK in the 4th quarter valued at about $39,000. Finally, Rakuten Securities Inc. boosted its position in ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider's stock valued at $42,000 after buying an additional 254 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on OKE. Barclays reduced their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Citigroup dropped their price target 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. Morgan Stanley raised their price target 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. Stifel Nicolaus lowered their price objective on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, 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. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.67.

ONEOK Trading Down 0.1%

ONEOK stock traded down $0.05 during midday trading on Friday, reaching $81.27. The stock had a trading volume of 3,206,043 shares, compared to its average volume of 3,426,515. The firm's fifty day simple moving average is $82.57 and its two-hundred day simple moving average is $92.22. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. The firm has a market cap of $51.16 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.59 and a beta of 0.94.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). The company 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 period last year, the business earned $1.09 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared 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 of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.07%. ONEOK's dividend payout ratio is currently 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.