Universal Beteiligungs und Servicegesellschaft mbH Has $53.15 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 12.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,683 shares of the utilities provider's stock after selling 74,278 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of ONEOK worth $53,150,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Ignite Planners LLC lifted its holdings in shares of ONEOK by 318.3% in the first quarter. Ignite Planners LLC now owns 11,195 shares of the utilities provider's stock valued at $1,111,000 after purchasing an additional 8,519 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of ONEOK by 8.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,787,580 shares of the utilities provider's stock valued at $276,584,000 after purchasing an additional 223,823 shares in the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of ONEOK by 4.3% in the first quarter. Crestwood Advisors Group LLC now owns 8,399 shares of the utilities provider's stock valued at $833,000 after purchasing an additional 349 shares in the last quarter. Peregrine Asset Advisers Inc. lifted its holdings in shares of ONEOK by 51.5% in the first quarter. Peregrine Asset Advisers Inc. now owns 55,440 shares of the utilities provider's stock valued at $5,501,000 after purchasing an additional 18,849 shares in the last quarter. Finally, Wealth Quarterback LLC purchased a new stake in shares of ONEOK in the first quarter valued at $311,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OKE. Raymond James Financial decreased their target price on shares of ONEOK from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Tuesday. Barclays cut their price objective on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Stifel Nicolaus cut their price objective on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Finally, TD Cowen initiated coverage on ONEOK in a report on Monday, July 7th. They set a "hold" rating and a $91.00 price objective for the company. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.53.

ONEOK Stock Down 0.5%

Shares of NYSE OKE traded down $0.44 during mid-day trading on Friday, reaching $81.57. 3,123,483 shares of the company traded hands, compared to its average volume of 3,026,677. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market cap of $51.35 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company's fifty day moving average is $81.50 and its two-hundred day moving average is $89.42. ONEOK, Inc. has a fifty-two week low of $75.47 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results 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). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business posted $1.09 earnings per share. On average, analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 1st will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Friday, August 1st. ONEOK's dividend payout ratio (DPR) is presently 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.