2,650 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new position in ONEOK, Inc. (NYSE:OKE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,650 shares of the utilities provider’s stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of OKE. Greenline Partners LLC purchased a new stake in ONEOK during the fourth quarter worth $32,000. Vermillion Wealth Management Inc. purchased a new stake in shares of ONEOK during the fourth quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in ONEOK in the 4th quarter worth approximately $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK during the 4th quarter valued at about $40,000. Finally, Rakuten Securities Inc. boosted its position in ONEOK by 152.1% in the 1st quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the topic of several research reports. Citigroup decreased their target price on ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley upped their price objective on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Scotiabank dropped their target price on shares of ONEOK from $96.00 to $93.00 and set a “sector outperform” rating for the company in a report on Thursday, June 5th. Stifel Nicolaus cut their price target on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Barclays lowered their price objective on ONEOK from $101.00 to $91.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus price target of $103.69.

ONEOK Price Performance

Shares of NYSE OKE opened at $79.96 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. The stock has a fifty day moving average price of $82.93 and a 200 day moving average price of $92.79. The company has a market cap of $50.34 billion, a PE ratio of 15.62, a P/E/G ratio of 1.61 and a beta of 0.94. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. During the same quarter in the previous year, the business posted $1.09 earnings per share. Sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK’s payout ratio is 80.47%.

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.