Round Rock Advisors LLC Acquires New Holdings in ONEOK, Inc. (NYSE:OKE)

Round Rock Advisors LLC purchased a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,983 shares of the utilities provider's stock, valued at approximately $395,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in shares of ONEOK by 4.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 185,642 shares of the utilities provider's stock valued at $18,419,000 after acquiring an additional 7,925 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of ONEOK by 4.3% in the 1st quarter. New Mexico Educational Retirement Board now owns 29,010 shares of the utilities provider's stock valued at $2,878,000 after acquiring an additional 1,200 shares during the period. Twelve Points Wealth Management LLC raised its stake in shares of ONEOK by 12.8% in the 1st quarter. Twelve Points Wealth Management LLC now owns 30,045 shares of the utilities provider's stock valued at $2,981,000 after acquiring an additional 3,403 shares during the period. Greenleaf Trust raised its stake in shares of ONEOK by 2.5% in the 1st quarter. Greenleaf Trust now owns 10,073 shares of the utilities provider's stock valued at $999,000 after acquiring an additional 249 shares during the period. Finally, Trek Financial LLC purchased a new position in shares of ONEOK in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Stock Performance

Shares of ONEOK stock traded up $0.45 during trading hours on Friday, reaching $81.36. The company's stock had a trading volume of 901,625 shares, compared to its average volume of 3,462,173. The company's 50 day simple moving average is $81.97 and its 200 day simple moving average is $91.05. 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 one year low of $75.48 and a one year high of $118.07. The stock has a market cap of $51.22 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

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

Analysts Set New Price Targets

OKE has been the topic of a number of research reports. Citigroup cut their target price on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Scotiabank decreased their target price on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 5th. Stifel Nicolaus decreased their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Morgan Stanley upped their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.14.

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.