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

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.

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

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.