Dorsey & Whitney Trust CO LLC Has $796,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Dorsey & Whitney Trust CO LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,929 shares of the utilities provider’s stock after acquiring an additional 240 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in ONEOK were worth $796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of OKE. Raymond James Financial Inc. purchased a new stake in shares of ONEOK during the fourth quarter worth $182,694,000. Charles Schwab Investment Management Inc. raised its holdings in shares of ONEOK by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider’s stock worth $1,848,844,000 after acquiring an additional 934,007 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ONEOK during the third quarter worth $47,957,000. National Pension Service raised its holdings in shares of ONEOK by 65.3% during the fourth quarter. National Pension Service now owns 1,262,741 shares of the utilities provider’s stock worth $126,779,000 after acquiring an additional 498,908 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of ONEOK during the third quarter worth $45,194,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OKE shares. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Scotiabank cut their target price on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday. Barclays cut their target price on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.31.

ONEOK Stock Down 0.2 %

OKE stock opened at $89.59 on Monday. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07. The company has a market cap of $55.93 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The business’s 50-day simple moving average is $100.00 and its 200 day simple moving average is $99.46. 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 (NYSE:OKE) last released its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.60%. ONEOK’s dividend payout ratio (DPR) is 79.69%.

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.