Natixis Boosts Position in ONEOK, Inc. (NYSE:OKE)

Natixis grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 340.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,265 shares of the utilities provider's stock after acquiring an additional 30,351 shares during the period. Natixis' holdings in ONEOK were worth $3,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OKE. Morse Asset Management Inc bought a new position in ONEOK in the 3rd quarter worth approximately $346,000. Barclays PLC boosted its holdings in ONEOK by 16.1% in the 3rd quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider's stock worth $172,131,000 after buying an additional 262,486 shares during the period. Virtu Financial LLC bought a new position in ONEOK in the 3rd quarter worth approximately $2,258,000. Fulcrum Equity Management boosted its holdings in ONEOK by 1.1% in the 3rd quarter. Fulcrum Equity Management now owns 46,681 shares of the utilities provider's stock worth $4,254,000 after buying an additional 526 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in ONEOK by 154.1% in the 3rd quarter. World Investment Advisors LLC now owns 10,522 shares of the utilities provider's stock worth $959,000 after buying an additional 6,381 shares during the period. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on OKE. Morgan Stanley raised their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Monday, February 10th. Citigroup began coverage on shares of ONEOK in a report on Friday, February 28th. They issued a "buy" rating and a $110.00 price target for the company. Finally, Wells Fargo & Company cut their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.42.

ONEOK Stock Up 0.1 %

Shares of OKE traded up $0.10 on Friday, reaching $86.38. The stock had a trading volume of 1,831,798 shares, compared to its average volume of 3,183,210. The firm has a market capitalization of $53.95 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. 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 company has a 50-day simple moving average of $92.03 and a 200-day simple moving average of $99.05. ONEOK, Inc. has a 12-month low of $75.48 and a 12-month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

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 issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's payout ratio is currently 79.69%.

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.