Vise Technologies Inc. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 68.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,682 shares of the utilities provider's stock after buying an additional 5,554 shares during the quarter. Vise Technologies Inc.'s holdings in ONEOK were worth $1,374,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Retirement Planning Group LLC raised its position in shares of ONEOK by 7.1% in the 4th quarter. Retirement Planning Group LLC now owns 11,355 shares of the utilities provider's stock worth $1,140,000 after acquiring an additional 757 shares in the last quarter. Highview Capital Management LLC DE increased its position in ONEOK by 8.8% in the 4th quarter. Highview Capital Management LLC DE now owns 12,245 shares of the utilities provider's stock valued at $1,229,000 after buying an additional 987 shares in the last quarter. Harmony Asset Management LLC increased its position in ONEOK by 0.9% in the 4th quarter. Harmony Asset Management LLC now owns 45,410 shares of the utilities provider's stock valued at $4,559,000 after buying an additional 399 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in ONEOK by 14.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,851 shares of the utilities provider's stock worth $11,230,000 after purchasing an additional 14,458 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its holdings in ONEOK by 62.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,332 shares of the utilities provider's stock worth $1,138,000 after purchasing an additional 4,362 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.
ONEOK Stock Performance
Shares of OKE stock traded up $0.55 during trading on Tuesday, hitting $81.69. The company's stock had a trading volume of 3,063,847 shares, compared to its average volume of 3,281,583. The company has a market cap of $51.03 billion, a PE ratio of 17.09, a P/E/G ratio of 3.77 and a beta of 1.01. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The business has a fifty day moving average of $86.88 and a 200-day moving average of $96.96. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07.
ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 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 firm had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.
ONEOK Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.04%. ONEOK's payout ratio is 80.47%.
Wall Street Analyst Weigh In
A number of brokerages have commented on OKE. Stifel Nicolaus decreased 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. Scotiabank decreased their price objective on ONEOK from $100.00 to $96.00 and set a "sector outperform" rating for the company in a report on Tuesday, May 20th. Citigroup decreased their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Finally, Barclays decreased their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.69.
Check Out Our Latest Stock Report on OKE
ONEOK 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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