ONEOK, Inc. (NYSE:OKE) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 37.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,083 shares of the utilities provider's stock after buying an additional 20,583 shares during the quarter. Quantinno Capital Management LP's holdings in ONEOK were worth $7,538,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its position in shares of ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after purchasing an additional 5,321 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of ONEOK during the 4th quarter worth $251,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of ONEOK by 9.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after acquiring an additional 136,071 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of ONEOK during the 4th quarter worth $9,483,000. Finally, Cinctive Capital Management LP bought a new position in shares of ONEOK during the 4th quarter worth $19,909,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Down 1.2%

NYSE:OKE traded down $1.02 during trading hours on Wednesday, reaching $82.69. 963,030 shares of the stock were exchanged, compared to its average volume of 3,258,590. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average of $88.23 and a two-hundred day moving average of $97.55. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a market capitalization of $51.65 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS 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 analysts' expectations of $8.23 billion. During the same period last year, the company earned $1.09 EPS. On average, equities analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OKE shares. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Barclays cut their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Citigroup cut their target price on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company cut 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. Finally, Morgan Stanley raised their target price on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $104.69.

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.