Banco Bilbao Vizcaya Argentaria S.A. Has $1.51 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 34.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,035 shares of the utilities provider’s stock after selling 7,853 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in ONEOK were worth $1,509,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OKE. Kieckhefer Group LLC acquired a new stake in ONEOK in the fourth quarter valued at about $30,000. Canton Hathaway LLC bought a new position in shares of ONEOK during the fourth quarter worth about $40,000. J.Safra Asset Management Corp bought a new position in shares of ONEOK during the fourth quarter worth about $48,000. VSM Wealth Advisory LLC bought a new position in shares of ONEOK during the fourth quarter worth about $50,000. Finally, OFI Invest Asset Management bought a new position in shares of ONEOK during the fourth quarter worth about $51,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE OKE opened at $86.38 on Monday. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a 50-day simple moving average of $92.03 and a 200 day simple moving average of $99.05. 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 company has a market capitalization of $53.95 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20.

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

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 4.77%. ONEOK’s dividend payout ratio (DPR) is presently 79.69%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank reduced their price objective 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. Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Citigroup started coverage on shares of ONEOK in a research note on Friday, February 28th. They issued a “buy” rating and a $110.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.