OMERS ADMINISTRATION Corp Purchases 4,170 Shares of ONEOK, Inc. (NYSE:OKE)

OMERS ADMINISTRATION Corp increased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,394 shares of the utilities provider's stock after acquiring an additional 4,170 shares during the period. OMERS ADMINISTRATION Corp's holdings in ONEOK were worth $2,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Greenline Partners LLC bought a new stake in shares of ONEOK during the fourth quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in ONEOK during the 4th quarter worth about $39,000. Canton Hathaway LLC acquired a new stake in ONEOK in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp bought a new position in shares of ONEOK in the fourth quarter worth about $48,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of ONEOK during the fourth quarter worth approximately $50,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Down 0.3%

OKE traded down $0.30 during midday trading on Friday, reaching $85.74. 2,820,604 shares of the company were exchanged, compared to its average volume of 3,268,038. The stock has a market capitalization of $53.55 billion, a P/E ratio of 17.94, a PEG ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The stock's 50-day simple moving average is $88.59 and its 200 day simple moving average is $97.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, analysts forecast 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 paid 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 4.81%. ONEOK's payout ratio is 80.47%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company lowered their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Morgan Stanley upped their price target on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Barclays decreased their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Finally, Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently 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.