Stifel Financial Corp Has $77.73 Million Stake in ONEOK, Inc. (NYSE:OKE)

Stifel Financial Corp lessened its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 774,181 shares of the utilities provider's stock after selling 29,697 shares during the quarter. Stifel Financial Corp owned about 0.13% of ONEOK worth $77,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its position in shares of ONEOK by 14,279.1% in the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after acquiring an additional 21,847 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in ONEOK by 57.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock worth $1,456,000 after buying an additional 5,321 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in ONEOK in the 4th quarter valued at $251,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of ONEOK by 9.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after buying an additional 136,071 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in shares of ONEOK during the 4th quarter worth about $9,483,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Trading Up 0.6 %

Shares of OKE traded up $0.54 during trading hours on Monday, hitting $86.85. 963,605 shares of the stock traded hands, compared to its average volume of 3,174,715. The business has a fifty day moving average of $92.03 and a 200-day moving average of $99.05. 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 firm has a market capitalization of $54.25 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07.

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

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $1.03 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.74%. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Scotiabank lowered their price objective on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Citigroup initiated coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 target price for the company. Wells Fargo & Company lowered their price target on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Finally, US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ONEOK has a consensus rating of "Moderate Buy" and a consensus target price of $106.42.

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.