Pathstone Holdings LLC Has $10.79 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Pathstone Holdings LLC raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,458 shares of the utilities provider's stock after acquiring an additional 6,057 shares during the period. Pathstone Holdings LLC's holdings in ONEOK were worth $10,789,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective 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. Scotiabank decreased their price target on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Barclays decreased their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Citigroup cut their price objective 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. Six 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

ONEOK Stock Down 1.1%

NYSE:OKE traded down $0.96 on Monday, hitting $84.71. 2,320,536 shares of the company's stock were exchanged, compared to its average volume of 3,264,248. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a 50-day moving average price of $88.59 and a 200-day moving average price of $97.71. The company has a market cap of $52.91 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. 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 announced its quarterly 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 company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company posted $1.09 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.86%. ONEOK's payout ratio is presently 80.47%.

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.