8,625 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,625 shares of the utilities provider’s stock, valued at approximately $866,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenline Partners LLC acquired a new position in ONEOK during the fourth quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK during the fourth quarter worth approximately $39,000. Canton Hathaway LLC purchased a new stake in ONEOK during the fourth quarter worth approximately $40,000. J.Safra Asset Management Corp purchased a new stake in ONEOK during the fourth quarter worth approximately $48,000. Finally, VSM Wealth Advisory LLC purchased a new stake in ONEOK during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $86.31 on Thursday. The firm has a 50-day moving average price of $88.84 and a 200 day moving average price of $97.83. The firm has a market capitalization of $53.91 billion, a PE ratio of 18.06, a P/E/G ratio of 3.77 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the business posted $1.09 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.77%. ONEOK’s dividend payout ratio (DPR) is 80.47%.

Analyst Upgrades and Downgrades

OKE has been the subject of several research reports. Scotiabank decreased their price objective on shares of ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company decreased their target price on shares of ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Morgan Stanley upped their target price 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, Citigroup decreased their target price on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

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.