DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 66,054 Shares of ONEOK, Inc. (NYSE:OKE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in ONEOK, Inc. (NYSE:OKE) by 20.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 256,976 shares of the utilities provider’s stock after selling 66,054 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in ONEOK were worth $25,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kieckhefer Group LLC bought a new position in shares of ONEOK during the fourth quarter valued at about $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK in the fourth quarter worth approximately $39,000. Canton Hathaway LLC bought a new position in shares of ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp bought a new position in ONEOK in the 4th quarter worth $48,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of ONEOK during the fourth quarter worth $50,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OKE. Wells Fargo & Company lowered their target price on shares of ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Scotiabank lowered their price target on shares of ONEOK from $101.00 to $100.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 29th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. 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 research note on Tuesday, March 25th. Finally, Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

ONEOK Stock Performance

Shares of NYSE OKE opened at $82.23 on Friday. The company has a market cap of $51.37 billion, a P/E ratio of 17.20, a P/E/G ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The firm’s fifty day moving average is $89.33 and its two-hundred day moving average is $98.16. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the firm earned $1.09 earnings per share. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Monday, May 5th. ONEOK’s payout ratio is currently 80.47%.

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.