Capital Advisors Inc. OK Boosts Holdings in ONEOK, Inc. (NYSE:OKE)

Capital Advisors Inc. OK grew its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,079 shares of the utilities provider's stock after buying an additional 12,125 shares during the quarter. Capital Advisors Inc. OK's holdings in ONEOK were worth $9,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKE. Vanguard Group Inc. increased its position in ONEOK by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock valued at $7,040,075,000 after purchasing an additional 558,789 shares during the period. Geode Capital Management LLC boosted its stake in shares of ONEOK by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock valued at $1,405,697,000 after purchasing an additional 357,015 shares in the last quarter. Northern Trust Corp boosted its stake in shares of ONEOK by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider's stock valued at $656,200,000 after purchasing an additional 864,392 shares in the last quarter. Norges Bank purchased a new position in ONEOK during the fourth quarter valued at approximately $539,554,000. Finally, Bank of New York Mellon Corp raised its stake in ONEOK by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 4,727,250 shares of the utilities provider's stock worth $469,038,000 after buying an additional 117,901 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

Shares of NYSE OKE traded down $1.96 during midday trading on Monday, reaching $80.18. The company had a trading volume of 3,927,604 shares, compared to its average volume of 3,449,410. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The business's 50-day simple moving average is $82.27 and its 200 day simple moving average is $91.46. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. The stock has a market cap of $50.48 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.61 and a beta of 0.93.

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 firm had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a return on equity of 15.58% and a net margin of 12.15%. During the same quarter last year, the business earned $1.09 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.07 earnings per share 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 given 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 5.14%. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Ratings Changes

Several brokerages have issued reports on OKE. JPMorgan Chase & Co. increased their target price on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday. Wells Fargo & Company dropped 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. Scotiabank reduced their target price on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a report on Thursday, June 5th. Stifel Nicolaus decreased their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, 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 report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.14.

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.