J. Safra Sarasin Holding AG Acquires Shares of 26,290 ONEOK, Inc. (NYSE:OKE)

J. Safra Sarasin Holding AG bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,290 shares of the utilities provider's stock, valued at approximately $2,640,000.

Several other hedge funds have also recently modified their holdings of OKE. Astoria Portfolio Advisors LLC. lifted its holdings in ONEOK by 4.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after purchasing an additional 96 shares in the last quarter. McAdam LLC raised its holdings in shares of ONEOK by 3.8% in the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after acquiring an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC raised its holdings in shares of ONEOK by 0.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock valued at $1,262,000 after acquiring an additional 100 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of ONEOK by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock valued at $965,000 after acquiring an additional 103 shares in the last quarter. Finally, Morton Capital Management LLC CA raised its holdings in shares of ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock valued at $734,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Trading Up 0.1 %

Shares of OKE stock traded up $0.10 during trading hours on Friday, reaching $86.38. The company's stock had a trading volume of 1,831,798 shares, compared to its average volume of 3,183,210. The stock has a market capitalization of $53.95 billion, a P/E ratio of 18.07, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The firm's fifty day simple moving average is $92.03 and its 200 day simple moving average is $99.05. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. Equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.77%. ONEOK's dividend payout ratio is presently 79.69%.

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Scotiabank lowered their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. Morgan Stanley raised their price target on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Barclays decreased their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and a consensus price target of $106.42.

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.