ONEOK, Inc. (NYSE:OKE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in ONEOK, Inc. (NYSE:OKE) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,656 shares of the utilities provider’s stock after buying an additional 23,275 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ONEOK were worth $20,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKE. FMR LLC lifted its stake in ONEOK by 11.7% during the third quarter. FMR LLC now owns 1,171,917 shares of the utilities provider’s stock worth $106,797,000 after purchasing an additional 122,362 shares during the last quarter. Fiduciary Trust Co raised its holdings in shares of ONEOK by 41.6% during the third quarter. Fiduciary Trust Co now owns 8,038 shares of the utilities provider’s stock worth $733,000 after purchasing an additional 2,363 shares during the period. Public Sector Pension Investment Board lifted its position in shares of ONEOK by 0.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 101,905 shares of the utilities provider’s stock worth $9,287,000 after buying an additional 390 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of ONEOK by 1.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 275,137 shares of the utilities provider’s stock valued at $25,070,000 after buying an additional 5,067 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of ONEOK by 0.3% during the 3rd quarter. Captrust Financial Advisors now owns 100,222 shares of the utilities provider’s stock valued at $9,133,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Barclays cut their target price on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Monday, February 10th. Finally, 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 report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

ONEOK Stock Down 0.2 %

OKE opened at $98.47 on Friday. ONEOK, Inc. has a one year low of $76.23 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock’s fifty day moving average is $98.32 and its 200-day moving average is $100.17. The company has a market capitalization of $61.48 billion, a PE ratio of 20.60, a P/E/G ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.18 billion. On average, equities analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $1.03 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.18%. ONEOK’s payout ratio is 79.69%.

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.