Virtu Financial LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,310 shares of the utilities provider's stock, valued at approximately $1,023,000.
Several other large investors have also modified their holdings of the business. Greenline Partners LLC purchased a new position in ONEOK in the fourth quarter worth $32,000. First Pacific Financial purchased a new position in ONEOK in the first quarter worth $34,000. Vermillion Wealth Management Inc. purchased a new stake in ONEOK during the 4th quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK during the 4th quarter worth approximately $39,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ONEOK during the 1st quarter worth approximately $39,000. Institutional investors own 69.13% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. TD Cowen assumed coverage on shares of ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 price objective on the stock. Scotiabank set a $92.00 target price on shares of ONEOK and gave the company a "sector outperform" rating in a research note on Tuesday, July 15th. Raymond James Financial restated an "outperform" rating on shares of ONEOK in a research report on Friday, August 1st. Wells Fargo & Company reduced their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.57.
Get Our Latest Stock Report on ONEOK
ONEOK Stock Down 0.7%
ONEOK stock traded down $0.53 during trading on Thursday, reaching $74.80. The stock had a trading volume of 3,106,860 shares, compared to its average volume of 3,976,428. The stock has a market cap of $47.11 billion, a PE ratio of 14.58, a P/E/G ratio of 1.76 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 52-week low of $73.02 and a 52-week high of $118.07. The business has a 50 day moving average price of $80.48 and a 200 day moving average price of $87.01.
ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. ONEOK had a net margin of 11.06% and a return on equity of 14.90%. During the same quarter in the previous year, the firm earned $1.33 EPS. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.
ONEOK Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 1st will be given a $1.03 dividend. The ex-dividend date is Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.5%. ONEOK's dividend payout ratio is 80.31%.
ONEOK Company Profile
(
Free Report)
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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