MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in ONEOK, Inc. (NYSE:OKE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,109,454 shares of the utilities provider's stock after purchasing an additional 98,845 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.36% of ONEOK worth $211,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Laird Norton Wetherby Wealth Management LLC boosted its holdings in ONEOK by 1.9% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,359 shares of the utilities provider's stock valued at $1,341,000 after purchasing an additional 247 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of ONEOK during the fourth quarter worth about $1,070,000. Jefferies Financial Group Inc. acquired a new stake in shares of ONEOK during the fourth quarter worth about $1,107,000. Gotham Asset Management LLC lifted its holdings in shares of ONEOK by 186.5% in the 4th quarter. Gotham Asset Management LLC now owns 177,819 shares of the utilities provider's stock valued at $17,853,000 after purchasing an additional 115,743 shares during the last quarter. Finally, Greenline Partners LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $32,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKE has been the subject of a number of research reports. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Scotiabank reduced their price target on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Barclays lowered their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Finally, Stifel Nicolaus lowered their price target on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Seven investment 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 stock. According to MarketBeat.com, ONEOK presently has an average rating of "Moderate Buy" and an average target price of $105.00.

ONEOK Trading Down 0.7%

Shares of NYSE OKE traded down $0.62 during midday trading on Thursday, reaching $85.99. 3,276,667 shares of the stock were exchanged, compared to its average volume of 3,259,765. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $53.71 billion, a P/E ratio of 17.99, a P/E/G ratio of 3.77 and a beta of 1.01. The stock has a 50 day moving average price of $88.84 and a 200-day moving average price of $97.83. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $1.09 earnings per share. Equities research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio is currently 80.47%.

About ONEOK

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.