ONEOK, Inc. (NYSE:OKE) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,367,411 shares of the utilities provider's stock after buying an additional 80,418 shares during the quarter. LPL Financial LLC owned about 0.22% of ONEOK worth $135,675,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC grew its stake in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock valued at $1,534,000 after purchasing an additional 8,834 shares in the last quarter. New Age Alpha Advisors LLC increased its holdings in ONEOK by 5,046.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 9,469 shares of the utilities provider's stock worth $951,000 after purchasing an additional 9,285 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in ONEOK by 11.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,134 shares of the utilities provider's stock worth $716,000 after purchasing an additional 733 shares during the last quarter. Schroder Investment Management Group increased its holdings in ONEOK by 3.5% during the 4th quarter. Schroder Investment Management Group now owns 117,842 shares of the utilities provider's stock worth $11,876,000 after purchasing an additional 3,947 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in ONEOK by 1.7% during the 4th quarter. Clearbridge Investments LLC now owns 1,976,864 shares of the utilities provider's stock worth $198,477,000 after purchasing an additional 32,484 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Trading Up 0.4%

NYSE:OKE opened at $81.84 on Tuesday. ONEOK, Inc. has a 12-month low of $75.47 and a 12-month high of $118.07. The firm has a market capitalization of $51.52 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.90 and a beta of 0.93. 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 business has a 50 day simple moving average of $81.44 and a 200 day simple moving average of $89.19.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be given a dividend of $1.03 per share. The ex-dividend date is Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a yield of 5.03%. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Analysts Set New Price Targets

OKE has been the topic of several analyst reports. Citigroup dropped 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. Stifel Nicolaus dropped their price objective on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. TD Cowen initiated coverage on ONEOK in a report on Monday, July 7th. They set a "hold" rating and a $91.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Finally, 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 report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.86.

ONEOK Company 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.

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