ONEOK, Inc. (NYSE:OKE) Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 240.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,329 shares of the utilities provider's stock after purchasing an additional 36,972 shares during the period. Tower Research Capital LLC TRC's holdings in ONEOK were worth $5,254,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OKE. FNY Investment Advisers LLC increased its position in ONEOK by 14,279.1% during the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after purchasing an additional 21,847 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of ONEOK by 57.9% in the 4th 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 during the period. Simon Quick Advisors LLC acquired a new position in ONEOK in the fourth quarter valued at $251,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in ONEOK by 9.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after acquiring an additional 136,071 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in ONEOK during the fourth quarter valued at about $9,483,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of NYSE OKE traded up $0.10 during trading on Friday, reaching $86.38. The stock had a trading volume of 1,831,798 shares, compared to its average volume of 3,176,697. The firm's 50 day moving average price is $92.03 and its two-hundred day moving average price is $98.99. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The stock has a market cap of $53.95 billion, a PE ratio of 18.07, a P/E/G ratio of 3.77 and a beta of 1.20. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

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

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 yield of 4.77%. ONEOK's payout ratio is currently 79.69%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Scotiabank dropped their target price on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. Citigroup began coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price target on the stock. Finally, US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $106.42.

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.