OMERS ADMINISTRATION Corp Raises Holdings in ONEOK, Inc. (NYSE:OKE)

OMERS ADMINISTRATION Corp boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 20.6% in the 4th quarter, Holdings Channel reports. The fund owned 24,394 shares of the utilities provider’s stock after buying an additional 4,170 shares during the period. OMERS ADMINISTRATION Corp’s holdings in ONEOK were worth $2,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of OKE. Greenline Partners LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in ONEOK in the fourth quarter valued at $39,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp acquired a new position in shares of ONEOK in the fourth quarter worth about $48,000. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of ONEOK during the 4th quarter valued at about $50,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Down 0.2%

Shares of NYSE OKE opened at $86.31 on Thursday. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a market capitalization of $53.91 billion, a P/E ratio of 18.06, a P/E/G ratio of 3.77 and a beta of 1.01. The company has a 50 day simple moving average of $88.84 and a 200-day simple moving average of $97.83. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations 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 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared 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 of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.77%. ONEOK’s dividend payout ratio is currently 80.47%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OKE shares. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Monday, February 10th. Scotiabank reduced their target price on ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Barclays dropped their price target on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus reduced their price objective on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Citigroup decreased their price objective on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. 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 company. According to data from MarketBeat, the stock 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.