ONEOK, Inc. (NYSE:OKE) Shares Bought by Shilanski & Associates Inc.

Shilanski & Associates Inc. lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,439 shares of the utilities provider’s stock after acquiring an additional 2,333 shares during the period. Shilanski & Associates Inc.’s holdings in ONEOK were worth $1,550,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OKE. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $30,000. Matrix Trust Co acquired a new stake in ONEOK in the third quarter worth $29,000. Access Investment Management LLC bought a new stake in ONEOK in the third quarter valued at $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK during the third quarter valued at $44,000. Finally, Fortitude Family Office LLC grew its position in shares of ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Trading Down 1.3 %

Shares of NYSE:OKE opened at $104.91 on Friday. ONEOK, Inc. has a one year low of $67.05 and a one year high of $118.07. The stock has a market capitalization of $61.29 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company’s 50-day moving average price is $106.17 and its two-hundred day moving average price is $96.28.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the business earned $0.99 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 3.93%. ONEOK’s dividend payout ratio is currently 82.85%.

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a research note on Wednesday, December 18th. Finally, US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

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.