Wealth Quarterback LLC bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,135 shares of the utilities provider's stock, valued at approximately $311,000.
A number of other institutional investors also recently made changes to their positions in OKE. Greenline Partners LLC acquired a new stake in shares of ONEOK during the 4th quarter valued at approximately $32,000. First Pacific Financial acquired a new stake in shares of ONEOK during the 1st quarter valued at approximately $34,000. Vermillion Wealth Management Inc. bought a new position in ONEOK during the 4th quarter worth $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in ONEOK during the 4th quarter worth $39,000. Finally, MorganRosel Wealth Management LLC bought a new position in ONEOK during the 1st quarter worth $39,000. 69.13% of the stock is owned by institutional investors and hedge funds.
ONEOK Trading Up 0.5%
Shares of ONEOK stock traded up $0.38 during trading on Tuesday, reaching $80.76. 1,871,772 shares of the company were exchanged, compared to its average volume of 3,486,971. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The business has a 50-day moving average price of $81.97 and a 200-day moving average price of $90.06. The firm has a market capitalization of $50.84 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.94 and a beta of 0.93.
ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. During the same quarter last year, the firm earned $1.09 earnings per share. Sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.
ONEOK Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders 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 5.10%. The ex-dividend date is Friday, August 1st. ONEOK's dividend payout ratio (DPR) is presently 80.47%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Barclays decreased their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 3rd. 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. Finally, Morgan Stanley increased their price objective on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.53.
View Our Latest Stock Report on OKE
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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