Unigestion Holding SA Purchases 13,394 Shares of ONEOK, Inc. (NYSE:OKE)

Unigestion Holding SA increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 132.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,473 shares of the utilities provider's stock after buying an additional 13,394 shares during the quarter. Unigestion Holding SA's holdings in ONEOK were worth $2,329,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC bought a new stake in ONEOK in the fourth quarter valued at about $931,000. Brighton Jones LLC increased its stake in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock valued at $1,534,000 after buying an additional 8,834 shares during the period. Greenleaf Trust raised its holdings in ONEOK by 3.3% during the 4th quarter. Greenleaf Trust now owns 9,824 shares of the utilities provider's stock worth $986,000 after purchasing an additional 312 shares during the last quarter. McAdam LLC boosted its stake in ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after acquiring an additional 96 shares during the last quarter. Finally, Catalina Capital Group LLC boosted its holdings in ONEOK by 4.9% during the fourth quarter. Catalina Capital Group LLC now owns 4,080 shares of the utilities provider's stock worth $410,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Trading Up 0.7%

Shares of OKE stock traded up $0.58 on Thursday, hitting $81.10. The company had a trading volume of 5,370,772 shares, compared to its average volume of 3,331,835. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock's 50-day moving average is $84.21 and its two-hundred day moving average is $95.81. The firm has a market cap of $50.66 billion, a P/E ratio of 16.97, a P/E/G ratio of 3.77 and a beta of 0.94.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OKE. Barclays lowered their price target on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Stifel Nicolaus decreased their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Scotiabank lowered their price objective on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, Citigroup decreased their price target 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. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $103.69.

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.