ONEOK, Inc. (NYSE:OKE) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 59.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,032 shares of the utilities provider's stock after acquiring an additional 28,078 shares during the period. Oppenheimer & Co. Inc.'s holdings in ONEOK were worth $7,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Greenline Partners LLC purchased a new stake in shares of ONEOK during the fourth quarter worth approximately $32,000. Vermillion Wealth Management Inc. acquired a new position in ONEOK during the 4th quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of ONEOK in the 4th quarter valued at approximately $39,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $40,000. Finally, Rakuten Securities Inc. raised its holdings in shares of 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 purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

NYSE OKE traded down $0.05 during trading on Friday, reaching $81.27. The company's stock had a trading volume of 3,206,011 shares, compared to its average volume of 3,422,458. The business's fifty day moving average price is $82.67 and its 200-day moving average price is $92.46. 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 quick ratio of 0.52 and a current ratio of 0.67. The firm has a market cap of $51.16 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.57 and a beta of 0.94.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the firm earned $1.09 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

Analyst Ratings Changes

A number of analysts have weighed in on OKE shares. Scotiabank cut their price target on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. Morgan Stanley raised their target price on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Wells Fargo & Company lowered their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. 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. Finally, Barclays reduced their price objective on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $104.67.

About ONEOK

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.