ONEOK, Inc. (NYSE:OKE) Shares Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 313.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,848 shares of the utilities provider's stock after purchasing an additional 29,443 shares during the period. ONEOK accounts for about 0.7% of Occudo Quantitative Strategies LP's holdings, making the stock its 16th biggest position. Occudo Quantitative Strategies LP's holdings in ONEOK were worth $3,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp increased its stake in ONEOK by 20.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 24,394 shares of the utilities provider's stock valued at $2,449,000 after purchasing an additional 4,170 shares during the last quarter. McGowan Group Asset Management Inc. purchased a new position in ONEOK in the fourth quarter valued at approximately $212,000. Meketa Capital LLC purchased a new position in ONEOK in the fourth quarter valued at approximately $448,000. Morse Asset Management Inc increased its stake in ONEOK by 17.1% in the fourth quarter. Morse Asset Management Inc now owns 4,450 shares of the utilities provider's stock valued at $447,000 after purchasing an additional 650 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ONEOK by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,109,454 shares of the utilities provider's stock valued at $211,794,000 after purchasing an additional 98,845 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Performance

Shares of NYSE OKE traded down $0.30 during mid-day trading on Friday, hitting $85.74. 2,820,604 shares of the company were exchanged, compared to its average volume of 3,268,038. 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 has a 50 day simple moving average of $88.59 and a 200-day simple moving average of $97.70. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07. The firm has a market cap of $53.55 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the business posted $1.09 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio (DPR) is currently 80.47%.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent analyst reports. Barclays dropped their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Morgan Stanley raised their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. 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 research report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

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.