ONEOK, Inc. (NYSE:OKE) Shares Purchased by Natixis

Natixis grew its holdings in ONEOK, Inc. (NYSE:OKE) by 340.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,265 shares of the utilities provider’s stock after purchasing an additional 30,351 shares during the period. Natixis’ holdings in ONEOK were worth $3,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Morse Asset Management Inc acquired a new stake in ONEOK in the 3rd quarter valued at approximately $346,000. Barclays PLC lifted its stake in ONEOK by 16.1% during the 3rd quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider’s stock worth $172,131,000 after acquiring an additional 262,486 shares in the last quarter. Virtu Financial LLC acquired a new position in ONEOK in the 3rd quarter valued at about $2,258,000. Fulcrum Equity Management lifted its position in shares of ONEOK by 1.1% during the third quarter. Fulcrum Equity Management now owns 46,681 shares of the utilities provider’s stock worth $4,254,000 after purchasing an additional 526 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of ONEOK by 154.1% in the third quarter. World Investment Advisors LLC now owns 10,522 shares of the utilities provider’s stock valued at $959,000 after purchasing an additional 6,381 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKE has been the subject of several recent research reports. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Monday, February 10th. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Finally, Citigroup assumed coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 target price on the stock. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.42.

ONEOK Stock Performance

NYSE OKE opened at $81.95 on Tuesday. The business’s 50-day moving average price is $93.07 and its 200 day moving average price is $99.31. 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 firm has a market cap of $51.19 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. On average, equities research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 5.03%. ONEOK’s payout ratio is presently 79.69%.

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.