Curi RMB Capital LLC Buys 466 Shares of ONEOK, Inc. (NYSE:OKE)

Curi RMB Capital LLC lifted its stake in ONEOK, Inc. (NYSE:OKE) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,587 shares of the utilities provider’s stock after buying an additional 466 shares during the period. Curi RMB Capital LLC’s holdings in ONEOK were worth $3,573,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in shares of ONEOK during the 3rd quarter worth approximately $346,000. Barclays PLC boosted its stake in ONEOK by 16.1% during the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider’s stock worth $172,131,000 after buying an additional 262,486 shares in the last quarter. Virtu Financial LLC bought a new stake in ONEOK in the 3rd quarter valued at $2,258,000. Fulcrum Equity Management raised its stake in shares of ONEOK by 1.1% in the 3rd quarter. Fulcrum Equity Management now owns 46,681 shares of the utilities provider’s stock valued at $4,254,000 after buying an additional 526 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of ONEOK by 154.1% during the 3rd quarter. World Investment Advisors LLC now owns 10,522 shares of the utilities provider’s stock worth $959,000 after acquiring an additional 6,381 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 1.6 %

Shares of NYSE OKE opened at $86.19 on Friday. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07. The company has a 50-day moving average of $93.39 and a two-hundred day moving average of $99.37. The company has a market cap of $53.84 billion, a PE ratio of 18.03, a P/E/G ratio of 3.77 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share 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 during the quarter, compared to analysts’ expectations of $6.18 billion. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.78%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is presently 79.69%.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent research reports. Scotiabank dropped their price target on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company dropped their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Morgan Stanley boosted their price target on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Barclays dropped their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Citigroup assumed coverage on shares of ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 target price on the stock. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.42.

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.