ONEOK, Inc. (NYSE:OKE) Shares Bought by EagleClaw Capital Managment LLC

Key Points

• EagleClaw Capital Management LLC significantly increased its holdings in ONEOK, Inc. by 152.1% during the first quarter, owning shares valued at $658,000 after acquiring additional shares.
• ONEOK recently announced a quarterly dividend of $1.03 per share, equating to an annualized dividend yield of 5.0%.
• Analysts are mixed on ONEOK, with a consensus rating of "Moderate Buy" and a target price averaging $104.86, while some firms have adjusted their target prices downward.

EagleClaw Capital Managment LLC grew its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 152.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,634 shares of the utilities provider's stock after buying an additional 4,002 shares during the period. EagleClaw Capital Managment LLC's holdings in ONEOK were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Marcum Wealth LLC raised its holdings in ONEOK by 1.1% in the 1st quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock valued at $1,017,000 after acquiring an additional 108 shares during the last quarter. West Paces Advisors Inc. grew its position in shares of ONEOK by 4.7% in the fourth quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 114 shares in the last quarter. Morey & Quinn Wealth Partners LLC increased its holdings in shares of ONEOK by 0.8% in the first quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider's stock valued at $1,560,000 after purchasing an additional 130 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its position in ONEOK by 0.3% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 50,970 shares of the utilities provider's stock worth $5,117,000 after buying an additional 132 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its stake in ONEOK by 2.1% during the fourth quarter. Visionary Wealth Advisors now owns 6,320 shares of the utilities provider's stock worth $635,000 after buying an additional 132 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on OKE shares. Stifel Nicolaus cut their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. TD Cowen assumed coverage on shares of ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 target price on the stock. Raymond James Financial cut their price target on shares of ONEOK from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Tuesday, July 22nd. Finally, Citigroup decreased 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. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.86.

ONEOK Trading Down 0.1%

Shares of NYSE OKE opened at $82.12 on Friday. 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 capitalization of $51.70 billion, a PE ratio of 16.04, a PEG ratio of 1.95 and a beta of 0.93. ONEOK, Inc. has a twelve month low of $75.47 and a twelve month high of $118.07. The stock has a fifty day simple moving average of $81.46 and a 200-day simple moving average of $88.95.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results 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 firm had revenue of $6.49 billion during 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 in the prior year, the firm earned $1.09 earnings per share. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 1st will be issued a $1.03 dividend. The ex-dividend date is Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK's payout ratio is 80.47%.

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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