Mercer Global Advisors Inc. ADV Has $7.85 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Mercer Global Advisors Inc. ADV lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,172 shares of the utilities provider's stock after selling 6,791 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in ONEOK were worth $7,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kieckhefer Group LLC bought a new stake in ONEOK in the 4th quarter valued at $30,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of ONEOK in the fourth quarter valued at about $39,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK during the 4th quarter worth about $40,000. J.Safra Asset Management Corp bought a new stake in shares of ONEOK during the 4th quarter worth about $48,000. Finally, VSM Wealth Advisory LLC acquired a new position in ONEOK in the 4th quarter valued at about $50,000. Institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup reduced their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Monday, February 10th. Scotiabank dropped their target price on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Morgan Stanley upped their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Finally, US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

ONEOK Price Performance

Shares of NYSE OKE traded up $0.13 during midday trading on Friday, reaching $82.38. 1,531,790 shares of the company were exchanged, compared to its average volume of 3,231,642. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The stock has a market cap of $51.46 billion, a P/E ratio of 17.23, a PEG ratio of 3.77 and a beta of 1.01. 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 stock's 50-day moving average price is $89.33 and its 200-day moving average price is $98.16.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate 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 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's payout ratio 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.