Fort Washington Investment Advisors Inc. OH Has $5.76 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Fort Washington Investment Advisors Inc. OH lifted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 60.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,053 shares of the utilities provider's stock after purchasing an additional 21,943 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in ONEOK were worth $5,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Greenline Partners LLC purchased a new stake in ONEOK in the fourth quarter worth about $32,000. Vermillion Wealth Management Inc. bought a new position in ONEOK during the fourth quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK during the 4th quarter worth approximately $39,000. Canton Hathaway LLC purchased a new position in ONEOK in the 4th quarter worth about $40,000. Finally, J.Safra Asset Management Corp bought a new position in shares of ONEOK during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Trading Down 1.0%

ONEOK stock traded down $0.80 during midday trading on Tuesday, reaching $81.35. The stock had a trading volume of 3,513,603 shares, compared to its average volume of 3,396,891. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The firm has a market cap of $51.21 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.61 and a beta of 0.94. 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's fifty day simple moving average is $83.07 and its two-hundred day simple moving average is $93.71.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 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 in the prior year, the company posted $1.09 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.06%. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Ratings Changes

OKE has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target 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 reduced their price target 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. Citigroup decreased their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Barclays dropped 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 note on Tuesday, June 3rd. Finally, Scotiabank lowered 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. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $103.69.

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.