Man Group plc Buys 42,474 Shares of ONEOK, Inc. (NYSE:OKE)

Man Group plc raised its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 335,653 shares of the utilities provider's stock after acquiring an additional 42,474 shares during the period. Man Group plc owned approximately 0.06% of ONEOK worth $33,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of ONEOK by 16.1% during the 3rd quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider's stock worth $172,131,000 after buying an additional 262,486 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of ONEOK by 4.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,292 shares of the utilities provider's stock valued at $832,000 after purchasing an additional 389 shares during the period. Kathmere Capital Management LLC raised its holdings in shares of ONEOK by 4.0% in the 4th quarter. Kathmere Capital Management LLC now owns 3,941 shares of the utilities provider's stock valued at $396,000 after purchasing an additional 153 shares during the period. Park Avenue Securities LLC raised its holdings in shares of ONEOK by 10.3% in the 4th quarter. Park Avenue Securities LLC now owns 7,602 shares of the utilities provider's stock valued at $763,000 after purchasing an additional 709 shares during the period. Finally, Burney Co. raised its holdings in shares of ONEOK by 2.7% in the 4th quarter. Burney Co. now owns 6,615 shares of the utilities provider's stock valued at $664,000 after purchasing an additional 173 shares during the period. Institutional investors own 69.13% of the company's stock.

ONEOK Trading Down 1.1%

Shares of NYSE:OKE traded down $0.96 on Monday, hitting $84.71. The company had a trading volume of 2,320,536 shares, compared to its average volume of 3,264,248. The firm's 50-day simple moving average is $88.59 and its two-hundred day simple moving average is $97.71. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $52.91 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 3.77 and a beta of 1.01.

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

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.86%. ONEOK's dividend payout ratio (DPR) is 80.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OKE. Morgan Stanley upped their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Stifel Nicolaus lowered their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Scotiabank lowered their price target on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Citigroup lowered their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Wolfe Research raised shares of 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. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $105.00.

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.