2,502 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new stake in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,502 shares of the utilities provider’s stock, valued at approximately $251,000.

Other large investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new position in ONEOK during the fourth quarter valued at about $30,000. Matrix Trust Co acquired a new position in shares of ONEOK during the 3rd quarter valued at about $29,000. Access Investment Management LLC bought a new position in shares of ONEOK in the 3rd quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new stake in ONEOK in the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC boosted its position in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Down 0.5 %

NYSE OKE opened at $104.42 on Friday. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.03 and a beta of 1.70. The stock’s 50 day moving average is $106.11 and its two-hundred day moving average is $96.34. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

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

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $1.03 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of analyst reports. Bank of America began coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective for the company. UBS Group boosted their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank started coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Mizuho upgraded ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Barclays raised their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.92.

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.