ONEOK, Inc. (NYSE:OKE) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,705 shares of the utilities provider's stock after purchasing an additional 5,463 shares during the period. Wealthfront Advisers LLC's holdings in ONEOK were worth $8,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OKE. Greenline Partners LLC purchased a new position in shares of ONEOK during the 4th quarter valued at about $32,000. First Pacific Financial bought a new stake in ONEOK in the 1st quarter worth approximately $34,000. Vermillion Wealth Management Inc. bought a new stake in ONEOK in the 4th quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in ONEOK in the 4th quarter worth approximately $39,000. Finally, MorganRosel Wealth Management LLC purchased a new position in ONEOK during the first quarter worth $39,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup dropped 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. TD Cowen started coverage on ONEOK in a research note on Monday, July 7th. They set a "hold" rating and a $91.00 price objective for the company. Barclays lowered their price target on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. Scotiabank set a $92.00 price target on ONEOK and gave the stock a "sector outperform" rating in a report on Tuesday. Finally, Morgan Stanley raised 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. Seven equities research 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, ONEOK presently has an average rating of "Moderate Buy" and a consensus price target of $103.07.

ONEOK Price Performance

Shares of NYSE:OKE traded up $2.18 during trading on Friday, reaching $83.42. The stock had a trading volume of 4,527,446 shares, compared to its average volume of 4,012,590. The business has a fifty day moving average price of $81.94 and a 200-day moving average price of $90.33. The stock has a market cap of $52.52 billion, a PE ratio of 16.29, a PEG ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. ONEOK, Inc. has a 1-year low of $75.47 and a 1-year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 15.58% and a net margin of 12.15%. During the same period last year, the firm posted $1.09 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, August 1st. ONEOK's dividend payout ratio (DPR) is currently 80.47%.

ONEOK 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.