ONEOK, Inc. (NYSE:OKE) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in ONEOK, Inc. (NYSE:OKE) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,344 shares of the utilities provider’s stock after purchasing an additional 2,918 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in ONEOK were worth $1,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its holdings in ONEOK by 2.4% during the 3rd quarter. US Bancorp DE now owns 86,296 shares of the utilities provider’s stock worth $7,864,000 after buying an additional 2,012 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of ONEOK by 4.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,592 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 313 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in ONEOK by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 187,696 shares of the utilities provider’s stock worth $17,105,000 after purchasing an additional 3,139 shares during the last quarter. Van ECK Associates Corp boosted its holdings in ONEOK by 14.3% in the third quarter. Van ECK Associates Corp now owns 196,855 shares of the utilities provider’s stock valued at $19,048,000 after purchasing an additional 24,594 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new position in ONEOK in the third quarter valued at approximately $250,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Mizuho raised shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Scotiabank began coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective on the stock. UBS Group lifted their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup started coverage on ONEOK in a research note on Friday. They issued a “buy” rating and a $110.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.15.

ONEOK Price Performance

Shares of NYSE OKE opened at $96.57 on Tuesday. 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 has a market cap of $60.29 billion, a PE ratio of 20.20, a P/E/G ratio of 3.77 and a beta of 1.70. The stock has a fifty day moving average price of $100.83 and a 200 day moving average price of $99.35. ONEOK, Inc. has a 1-year low of $75.69 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. Sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently disclosed 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 boost 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 4.27%. ONEOK’s dividend payout ratio is presently 79.69%.

ONEOK Company 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.