Vise Technologies Inc. Buys 5,554 Shares of ONEOK, Inc. (NYSE:OKE)

Vise Technologies Inc. boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 68.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,682 shares of the utilities provider's stock after acquiring 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of OKE. Greenline Partners LLC bought a new stake in ONEOK during the fourth quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in ONEOK during the 4th quarter valued at $39,000. Canton Hathaway LLC purchased a new stake in ONEOK in the 4th quarter worth about $40,000. J.Safra Asset Management Corp acquired a new stake in shares of ONEOK during the fourth quarter worth approximately $48,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of ONEOK during the 4th quarter valued at $50,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Down 1.1%

Shares of OKE stock traded down $0.89 during trading on Thursday, reaching $79.70. The company's stock had a trading volume of 1,357,359 shares, compared to its average volume of 3,277,475. The company has a market cap of $49.78 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The business has a fifty day moving average price of $86.12 and a 200-day moving average price of $96.74. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the business earned $1.09 earnings per share. Analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $1.03 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.17%. ONEOK's dividend payout ratio is 80.47%.

Wall Street Analyst Weigh In

OKE has been the subject of several research reports. Wells Fargo & Company reduced their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Scotiabank decreased their target price on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating for the company in a research report on Tuesday, May 20th. Citigroup reduced their target price 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 upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Monday, February 10th. Finally, Barclays decreased their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and an average price target of $104.69.

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.