Matrix Trust Co Purchases 2,073 Shares of ONEOK, Inc. (NYSE:OKE)

Matrix Trust Co lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 649.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,392 shares of the utilities provider’s stock after buying an additional 2,073 shares during the quarter. Matrix Trust Co’s holdings in ONEOK were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Czech National Bank grew its position in ONEOK by 6.5% in the 4th quarter. Czech National Bank now owns 126,663 shares of the utilities provider’s stock worth $12,717,000 after purchasing an additional 7,681 shares during the period. LVM Capital Management Ltd. MI bought a new stake in ONEOK in the 4th quarter worth approximately $679,000. ORG Wealth Partners LLC grew its position in ONEOK by 68.2% in the 4th quarter. ORG Wealth Partners LLC now owns 1,953 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 792 shares during the period. ST Germain D J Co. Inc. grew its position in ONEOK by 36.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,899 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 1,033 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in ONEOK by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 223,459 shares of the utilities provider’s stock worth $22,435,000 after purchasing an additional 4,915 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 1.0 %

Shares of OKE stock opened at $101.84 on Monday. The stock has a market cap of $59.49 billion, a P/E ratio of 21.31, a PEG ratio of 5.24 and a beta of 1.70. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. 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 company’s fifty day simple moving average is $105.63 and its two-hundred day simple moving average is $94.95.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the firm earned $0.99 EPS. Analysts predict that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.89%. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

Analysts Set New Price Targets

OKE has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. UBS Group lifted their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Barclays lifted their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.54.

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.