Czech National Bank Has $14.14 Million Position in ONEOK, Inc. (NYSE:OKE)

Czech National Bank grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 12.5% in the first quarter, HoldingsChannel.com reports. The fund owned 142,504 shares of the utilities provider’s stock after acquiring an additional 15,841 shares during the quarter. Czech National Bank’s holdings in ONEOK were worth $14,139,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. McAdam LLC raised its holdings in shares of ONEOK by 3.8% in the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 96 shares during the period. Alliance Wealth Advisors LLC grew its stake in ONEOK by 0.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider’s stock valued at $1,262,000 after buying an additional 100 shares in the last quarter. L.M. Kohn & Company grew its stake in ONEOK by 4.5% in the 4th quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider’s stock valued at $247,000 after buying an additional 105 shares in the last quarter. Mindset Wealth Management LLC grew its stake in ONEOK by 0.7% in the 4th quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider’s stock valued at $1,618,000 after buying an additional 106 shares in the last quarter. Finally, Marcum Wealth LLC grew its stake in ONEOK by 1.1% in the 1st quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider’s stock valued at $1,017,000 after buying an additional 108 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 0.1%

Shares of OKE stock opened at $80.62 on Monday. ONEOK, Inc. has a 12-month low of $75.48 and a 12-month 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’s 50 day moving average is $85.25 and its 200 day moving average is $96.19. The stock has a market capitalization of $50.36 billion, a P/E ratio of 16.87, a P/E/G ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.09 earnings per share. Research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $1.03 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.11%. ONEOK’s payout ratio is currently 80.47%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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 note on Thursday, May 1st. Citigroup reduced their price objective 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. Wells Fargo & Company reduced their price objective 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. Morgan Stanley lifted 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, US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.69.

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.