ONEOK, Inc. (NYSE:OKE) Stock Holdings Increased by Columbus Macro LLC

Columbus Macro LLC increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,107 shares of the utilities provider's stock after purchasing an additional 5,900 shares during the quarter. ONEOK accounts for 1.1% of Columbus Macro LLC's holdings, making the stock its 21st biggest position. Columbus Macro LLC's holdings in ONEOK were worth $8,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKE. Norges Bank bought a new stake in shares of ONEOK in the 4th quarter worth approximately $539,554,000. Wellington Management Group LLP raised its holdings in shares of ONEOK by 433.4% in the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock worth $422,373,000 after purchasing an additional 3,418,207 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ONEOK by 240.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,790,760 shares of the utilities provider's stock worth $280,194,000 after purchasing an additional 1,971,147 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ONEOK during the fourth quarter valued at approximately $182,694,000. Finally, ClearBridge Investments Ltd acquired a new stake in shares of ONEOK during the fourth quarter valued at approximately $177,045,000. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Morgan Stanley boosted 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. Citigroup cut their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company cut their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of "Moderate Buy" and an average target price of $103.69.

ONEOK Stock Performance

Shares of OKE opened at $83.74 on Monday. The company's fifty day moving average is $83.07 and its 200-day moving average is $94.02. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The firm has a market cap of $52.72 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 3.77 and a beta of 0.94. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company earned $1.09 EPS. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Monday, May 5th. ONEOK's dividend payout ratio (DPR) 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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