West Bancorporation Inc. purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,970 shares of the utilities provider’s stock, valued at approximately $149,000.
Several other large investors have also recently made changes to their positions in OKE. Tarbox Family Office Inc. increased its stake in shares of ONEOK by 113.1% in the fourth quarter. Tarbox Family Office Inc. now owns 326 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 173 shares during the period. Northern Oak Wealth Management Inc. bought a new position in shares of ONEOK in the fourth quarter valued at approximately $26,000. Duncker Streett & Co. Inc. bought a new position in shares of ONEOK in the fourth quarter valued at approximately $26,000. Princeton Global Asset Management LLC bought a new position in shares of ONEOK in the fourth quarter valued at approximately $28,000. Finally, M&R Capital Management Inc. bought a new position in shares of ONEOK in the fourth quarter valued at approximately $30,000. Institutional investors own 73.43% of the company’s stock.
Several research analysts have recently issued reports on OKE shares. Tudor Pickering started coverage on shares of ONEOK in a report on Friday, November 8th. They issued a “buy” rating and a $74.00 price objective for the company. Wells Fargo & Co increased their price objective on shares of ONEOK from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday. Goldman Sachs Group upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and increased their price objective for the company from $73.00 to $81.00 in a report on Sunday, November 3rd. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, ValuEngine upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $76.84.
NYSE:OKE traded down $0.83 during trading hours on Friday, reaching $66.72. 7,511,608 shares of the company’s stock were exchanged, compared to its average volume of 2,249,400. The company has a market capitalization of $30.29 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. ONEOK, Inc. has a 12 month low of $63.13 and a 12 month high of $78.48. The company has a quick ratio of 0.95, a current ratio of 0.73 and a debt-to-equity ratio of 2.01. The business’s 50-day simple moving average is $75.83 and its two-hundred day simple moving average is $72.90.
ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 24th. The utilities provider reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.72 billion. ONEOK had a net margin of 12.58% and a return on equity of 20.27%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 3.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, January 27th were issued a dividend of $0.935 per share. This represents a $3.74 dividend on an annualized basis and a yield of 5.61%. This is a boost from ONEOK’s previous quarterly dividend of $0.92. The ex-dividend date was Friday, January 24th. ONEOK’s dividend payout ratio (DPR) is presently 121.82%.
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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