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Round Rock Advisors LLC Buys New Stake in ONEOK, Inc. (NYSE:OKE)

ONEOK logo with Energy background

Round Rock Advisors LLC bought a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,983 shares of the utilities provider's stock, valued at approximately $395,000.

A number of other hedge funds also recently bought and sold shares of OKE. Greenline Partners LLC bought a new stake in shares of ONEOK in the 4th quarter worth $32,000. First Pacific Financial purchased a new position in shares of ONEOK during the first quarter valued at approximately $34,000. Vermillion Wealth Management Inc. purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK in the fourth quarter worth approximately $39,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ONEOK in the first quarter worth approximately $39,000. Institutional investors own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price 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. Citigroup dropped their target price 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. JPMorgan Chase & Co. raised their target price on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Barclays dropped their target price 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. Finally, Scotiabank lowered their price objective on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. Seven 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.14.

View Our Latest Report on OKE

ONEOK Price Performance

Shares of ONEOK stock traded down $0.24 on Thursday, hitting $80.92. 2,666,337 shares of the company traded hands, compared to its average volume of 3,472,248. The stock has a market capitalization of $50.94 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07. The business has a 50-day simple moving average of $81.97 and a 200 day simple moving average of $91.18.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. During the same quarter in the previous year, the business earned $1.09 EPS. Research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's payout ratio is currently 80.47%.

About ONEOK

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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