Vident Advisory LLC Acquires 70,800 Shares of ONEOK, Inc. (NYSE:OKE)

Vident Advisory LLC increased its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 971.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,091 shares of the utilities provider's stock after purchasing an additional 70,800 shares during the quarter. Vident Advisory LLC's holdings in ONEOK were worth $7,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC acquired a new stake in ONEOK in the fourth quarter worth about $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in ONEOK in the fourth quarter worth about $39,000. Canton Hathaway LLC acquired a new stake in ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp acquired a new stake in ONEOK in the fourth quarter worth about $48,000. Finally, VSM Wealth Advisory LLC acquired a new stake in ONEOK in the fourth quarter worth about $50,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

Shares of OKE opened at $84.71 on Tuesday. 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 has a 50 day simple moving average of $88.43 and a 200 day simple moving average of $97.65. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The firm has a market capitalization of $52.91 billion, a PE ratio of 17.72, a P/E/G ratio of 3.77 and a beta of 1.01.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued 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 4.86%. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Wall Street Analyst Weigh In

A number of analysts recently commented on OKE shares. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Monday, February 10th. Wells Fargo & Company decreased their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Barclays decreased their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Stifel Nicolaus decreased their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Six 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

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.

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