ONEOK, Inc. (NYSE:OKE) Shares Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 70.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,156 shares of the utilities provider’s stock after acquiring an additional 894 shares during the quarter. Ashton Thomas Securities LLC’s holdings in ONEOK were worth $217,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Nwam LLC purchased a new stake in ONEOK in the third quarter valued at approximately $224,000. Cerity Partners LLC boosted its holdings in shares of ONEOK by 21.5% in the 3rd quarter. Cerity Partners LLC now owns 154,250 shares of the utilities provider’s stock valued at $14,057,000 after acquiring an additional 27,305 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of ONEOK by 23.4% in the third quarter. Summit Trail Advisors LLC now owns 8,640 shares of the utilities provider’s stock worth $787,000 after acquiring an additional 1,637 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of ONEOK by 9.4% during the third quarter. Daiwa Securities Group Inc. now owns 84,908 shares of the utilities provider’s stock worth $7,737,000 after purchasing an additional 7,280 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in ONEOK during the third quarter valued at $990,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.1 %

NYSE OKE opened at $102.42 on Wednesday. The business has a fifty day moving average price of $98.84 and a 200 day moving average price of $100.07. 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 $63.94 billion, a P/E ratio of 21.43, a P/E/G ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a one year low of $76.23 and a one year high of $118.07.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. 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. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s payout ratio is currently 79.69%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OKE shares. Morgan Stanley lifted their price objective on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Citigroup initiated coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 price target for the company. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Monday, February 10th. Finally, Barclays decreased their target price on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

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.