Nomura Holdings Inc. bought a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,911 shares of the utilities provider's stock, valued at approximately $2,601,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in ONEOK by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock valued at $7,040,075,000 after purchasing an additional 558,789 shares during the period. Charles Schwab Investment Management Inc. increased its position in ONEOK by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock valued at $1,848,844,000 after acquiring an additional 934,007 shares during the period. Geode Capital Management LLC raised its stake in ONEOK by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock valued at $1,405,697,000 after acquiring an additional 357,015 shares during the last quarter. Northern Trust Corp lifted its position in ONEOK by 15.2% during the 4th quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider's stock worth $656,200,000 after acquiring an additional 864,392 shares during the period. Finally, Norges Bank purchased a new position in shares of ONEOK in the 4th quarter valued at approximately $539,554,000. Hedge funds and other institutional investors own 69.13% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on OKE. Barclays cut their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. 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. Citigroup lowered their target price 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. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Monday, February 10th. Finally, Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Six 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 stock. According to MarketBeat.com, ONEOK currently has an average rating of "Moderate Buy" and an average target price of $104.69.
Read Our Latest Stock Report on ONEOK
ONEOK Price Performance
OKE stock traded down $0.93 during trading on Thursday, reaching $80.90. 636,944 shares of the company were exchanged, compared to its average volume of 3,262,753. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock's 50 day moving average price is $87.94 and its 200 day moving average price is $97.44. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a market cap of $50.53 billion, a P/E ratio of 16.92, a PEG ratio of 3.77 and a beta of 1.01.
ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) 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 net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.
ONEOK Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.09%. ONEOK's payout ratio is 80.47%.
About ONEOK
(
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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