Scissortail Wealth Management LLC increased its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 94,836.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,038 shares of the utilities provider's stock after buying an additional 18,019 shares during the quarter. Scissortail Wealth Management LLC's holdings in ONEOK were worth $1,811,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in OKE. Vanguard Group Inc. increased its position in ONEOK by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock valued at $7,040,075,000 after purchasing an additional 558,789 shares during the period. Charles Schwab Investment Management Inc. increased its position in ONEOK by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock valued at $1,848,844,000 after purchasing an additional 934,007 shares during the period. Geode Capital Management LLC increased its position in ONEOK by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock valued at $1,405,697,000 after purchasing an additional 357,015 shares during the period. Northern Trust Corp increased its position in ONEOK by 15.2% during the 4th quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider's stock valued at $656,200,000 after purchasing an additional 864,392 shares during the period. Finally, Norges Bank purchased a new stake in shares of ONEOK in the 4th quarter worth about $539,554,000. 69.13% of the stock is owned by hedge funds and other institutional investors.
ONEOK Stock Performance
Shares of NYSE OKE traded down $1.06 during trading on Tuesday, reaching $83.67. 2,485,322 shares of the company traded hands, compared to its average volume of 3,267,472. The firm has a 50 day simple moving average of $88.43 and a 200-day simple moving average of $97.65. 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 stock has a market capitalization of $52.26 billion, a PE ratio of 17.50, a P/E/G 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). The company had revenue of $6.49 billion for the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the previous year, the business earned $1.09 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.
ONEOK Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's payout ratio is 80.47%.
Analyst Ratings Changes
A number of analysts have recently weighed in on OKE shares. Wells Fargo & Company reduced their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley upped their target price 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 reduced their target price on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. Finally, Citigroup lowered their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $104.69.
Read Our Latest Stock Report on OKE
About ONEOK
(
Free Report)
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.
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