74,877 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Beryl Capital Management LLC

Beryl Capital Management LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 74,877 shares of the utilities provider’s stock, valued at approximately $7,518,000. ONEOK comprises approximately 1.7% of Beryl Capital Management LLC’s holdings, making the stock its 10th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of OKE. Bearing Point Capital LLC acquired a new position in ONEOK during the fourth quarter worth approximately $668,000. Benjamin Edwards Inc. grew its stake in shares of ONEOK by 1.2% during the 4th quarter. Benjamin Edwards Inc. now owns 227,264 shares of the utilities provider’s stock valued at $22,818,000 after buying an additional 2,773 shares during the period. BIP Wealth LLC acquired a new stake in shares of ONEOK during the 4th quarter worth $238,000. Aptus Capital Advisors LLC raised its position in shares of ONEOK by 84.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 8,179 shares of the utilities provider’s stock worth $821,000 after buying an additional 3,746 shares during the period. Finally, West Paces Advisors Inc. boosted its holdings in ONEOK by 4.7% in the fourth quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $82.77 on Friday. The stock has a market capitalization of $51.70 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The company’s 50-day simple moving average is $90.67 and its 200-day simple moving average is $98.62. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business earned $1.09 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.98%. ONEOK’s payout ratio is 79.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company dropped their price target on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday. Stifel Nicolaus dropped their target price on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank reduced their price target on shares of ONEOK from $101.00 to $100.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 29th. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Monday, February 10th. Finally, US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.62.

About ONEOK

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.