BI Asset Management Fondsmaeglerselskab A S Buys 1,328 Shares of ONEOK, Inc. (NYSE:OKE)

BI Asset Management Fondsmaeglerselskab A S boosted its stake in ONEOK, Inc. (NYSE:OKE) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,033 shares of the utilities provider’s stock after purchasing an additional 1,328 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in ONEOK were worth $3,517,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OKE. Curi RMB Capital LLC boosted its holdings in shares of ONEOK by 1.3% during the 4th quarter. Curi RMB Capital LLC now owns 35,587 shares of the utilities provider’s stock valued at $3,573,000 after acquiring an additional 466 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ONEOK by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,981,786 shares of the utilities provider’s stock valued at $399,783,000 after purchasing an additional 299,115 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of ONEOK by 40.8% during the fourth quarter. Forum Financial Management LP now owns 7,297 shares of the utilities provider’s stock valued at $733,000 after purchasing an additional 2,116 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of ONEOK by 12.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 104,471 shares of the utilities provider’s stock worth $10,489,000 after purchasing an additional 11,246 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $5,382,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 1.6 %

NYSE OKE opened at $86.19 on Monday. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07. The business has a 50 day moving average price of $93.39 and a 200-day moving average price of $99.40. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The company has a market cap of $53.84 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.78%. ONEOK’s payout ratio is presently 79.69%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research reports. Scotiabank reduced their target price on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company decreased their price objective 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 raised their target price on ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Monday, February 10th. Finally, US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.