ProShare Advisors LLC Has $16.17 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

ProShare Advisors LLC grew its holdings in ONEOK, Inc. (NYSE:OKE) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,077 shares of the utilities provider’s stock after buying an additional 957 shares during the quarter. ProShare Advisors LLC’s holdings in ONEOK were worth $16,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantinno Capital Management LP increased its stake in shares of ONEOK by 37.8% in the fourth quarter. Quantinno Capital Management LP now owns 75,083 shares of the utilities provider’s stock valued at $7,538,000 after buying an additional 20,583 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of ONEOK by 6.0% in the fourth quarter. Pathstone Holdings LLC now owns 107,458 shares of the utilities provider’s stock valued at $10,789,000 after buying an additional 6,057 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of ONEOK in the fourth quarter valued at $866,000. Man Group plc increased its stake in shares of ONEOK by 14.5% in the fourth quarter. Man Group plc now owns 335,653 shares of the utilities provider’s stock valued at $33,700,000 after buying an additional 42,474 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in ONEOK by 1.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 70,288 shares of the utilities provider’s stock worth $7,087,000 after purchasing an additional 1,144 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

ONEOK stock opened at $85.74 on Friday. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $53.55 billion, a P/E ratio of 17.94, a PEG ratio of 3.77 and a beta of 1.01. The business has a 50-day moving average of $88.59 and a 200-day moving average of $97.69.

ONEOK (NYSE:OKE) last released 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 firm earned $1.09 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Monday, May 5th. ONEOK’s dividend payout ratio (DPR) is currently 80.47%.

Analysts Set New Price Targets

A number of brokerages recently commented on OKE. Wells Fargo & Company lowered their price objective on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Scotiabank lowered their price objective on ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. Citigroup lowered their price objective on ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Morgan Stanley lifted their price objective on ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Finally, Barclays lowered their price objective 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. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.