ONEOK, Inc. (NYSE:OKE) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,717 shares of the utilities provider’s stock after purchasing an additional 1,833 shares during the period. Nisa Investment Advisors LLC’s holdings in ONEOK were worth $17,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. National Pension Service grew its stake in shares of ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock valued at $69,608,000 after acquiring an additional 12,349 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after purchasing an additional 5,175 shares during the last quarter. Caxton Associates LP acquired a new stake in ONEOK during the 2nd quarter valued at approximately $1,225,000. Point72 Europe London LLP purchased a new stake in ONEOK during the 2nd quarter worth approximately $15,008,000. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after purchasing an additional 5,451 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $106.28 on Thursday. 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 firm has a market capitalization of $62.09 billion, a PE ratio of 22.23, a P/E/G ratio of 4.66 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The business’s fifty day moving average price is $106.21 and its two-hundred day moving average price is $96.21.

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

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.88%. ONEOK’s payout ratio is currently 82.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OKE shares. Mizuho raised shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. UBS Group boosted their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank started coverage on shares of ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target on the stock. Barclays boosted their price objective on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.