Natixis Advisors L.P. Acquires 40,928 Shares of ONEOK, Inc. (NYSE:OKE)

Natixis Advisors L.P. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,785 shares of the utilities provider's stock after purchasing an additional 40,928 shares during the period. Natixis Advisors L.P. owned 0.06% of ONEOK worth $22,946,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in ONEOK by 16.2% in the fourth quarter. Fifth Third Bancorp now owns 21,800 shares of the utilities provider's stock valued at $1,531,000 after acquiring an additional 3,032 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in ONEOK by 26.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 24,568 shares of the utilities provider's stock worth $1,725,000 after purchasing an additional 5,167 shares during the period. ELCO Management Co. LLC increased its position in ONEOK by 102.3% during the third quarter. ELCO Management Co. LLC now owns 26,432 shares of the utilities provider's stock worth $1,677,000 after buying an additional 13,367 shares during the last quarter. Federated Hermes Inc. raised its stake in ONEOK by 31.6% in the fourth quarter. Federated Hermes Inc. now owns 160,596 shares of the utilities provider's stock valued at $11,277,000 after buying an additional 38,560 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of ONEOK by 11.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,729 shares of the utilities provider's stock valued at $490,000 after buying an additional 790 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

NYSE:OKE traded up $0.83 during mid-day trading on Monday, reaching $78.06. The stock had a trading volume of 2,390,708 shares, compared to its average volume of 2,987,943. ONEOK, Inc. has a 12 month low of $55.91 and a 12 month high of $81.81. The stock has a market capitalization of $45.56 billion, a PE ratio of 18.15, a P/E/G ratio of 4.13 and a beta of 1.64. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. The stock has a 50-day simple moving average of $78.44 and a two-hundred day simple moving average of $72.10.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter last year, the company posted $2.34 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 4.95 earnings per share for the current year.

ONEOK declared that its Board of Directors has approved a share repurchase program on Wednesday, January 17th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the utilities provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 5.07%. ONEOK's payout ratio is currently 92.09%.

Insider Activity at ONEOK

In related news, Director Wayne Thomas Smith purchased 2,700 shares of the stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the acquisition, the director now owns 2,700 shares of the company's stock, valued at $203,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OKE. JPMorgan Chase & Co. raised their price target on ONEOK from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Friday. Mizuho upped their price target on shares of ONEOK from $75.00 to $81.00 and gave the company a "neutral" rating in a research note on Wednesday, March 20th. StockNews.com upgraded ONEOK from a "sell" rating to a "hold" rating in a report on Wednesday, March 6th. Citigroup increased their target price on ONEOK from $73.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Finally, Wolfe Research raised ONEOK from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $83.58.

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.