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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $30,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the fourth quarter valued at about $40,000. J.Safra Asset Management Corp purchased a new position in shares of ONEOK in the fourth quarter worth about $48,000. VSM Wealth Advisory LLC purchased a new stake in ONEOK in the fourth quarter valued at approximately $50,000. Finally, OFI Invest Asset Management acquired a new stake in ONEOK during the 4th quarter valued at approximately $51,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 5.0 %

NYSE OKE opened at $81.95 on Tuesday. The business has a fifty day moving average price of $93.07 and a 200 day moving average price of $99.31. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company 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 one year low of $75.48 and a one year high of $118.07.

ONEOK (NYSE:OKE) last posted 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 net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. Research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OKE shares. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Barclays reduced their price target on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Monday, February 10th. Scotiabank dropped their price target on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Morgan Stanley increased their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $106.42.

ONEOK 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.