ONEOK, Inc. (NYSE:OKE) Holdings Decreased by Swiss National Bank

Swiss National Bank reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,649,888 shares of the utilities provider’s stock after selling 82,300 shares during the period. Swiss National Bank’s holdings in ONEOK were worth $165,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kieckhefer Group LLC bought a new stake in shares of ONEOK during the fourth quarter valued at about $30,000. Canton Hathaway LLC bought a new stake in ONEOK in the fourth quarter worth about $40,000. J.Safra Asset Management Corp bought a new stake in ONEOK in the fourth quarter worth about $48,000. OFI Invest Asset Management bought a new stake in ONEOK in the fourth quarter worth about $51,000. Finally, Versant Capital Management Inc raised its position in ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 260 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 0.5 %

ONEOK stock opened at $93.40 on Friday. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month 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 firm has a market cap of $58.31 billion, a PE ratio of 19.54, a P/E/G ratio of 3.77 and a beta of 1.70. The firm’s 50 day moving average price is $99.34 and its two-hundred day moving average price is $99.43.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating 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 business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.18 billion. On average, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Monday, February 3rd. ONEOK’s payout ratio is currently 79.69%.

Analysts Set New Price Targets

Several equities research analysts have commented on OKE shares. Barclays dropped their price target on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company dropped their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. 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. Scotiabank dropped their price target on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Monday, February 10th. Seven 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.31.

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.