FORA Capital LLC Buys 260 Shares of ONEOK, Inc. (NYSE:OKE)

FORA Capital LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,185 shares of the utilities provider’s stock after purchasing an additional 260 shares during the quarter. FORA Capital LLC’s holdings in ONEOK were worth $1,926,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fred Alger Management LLC boosted its position in ONEOK by 4.9% during the 4th quarter. Fred Alger Management LLC now owns 42,459 shares of the utilities provider’s stock valued at $4,263,000 after buying an additional 1,989 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of ONEOK by 10.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,864 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 374 shares during the period. Centiva Capital LP bought a new stake in shares of ONEOK in the fourth quarter worth about $735,000. Cetera Investment Advisers increased its holdings in ONEOK by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 642,028 shares of the utilities provider’s stock valued at $64,460,000 after purchasing an additional 7,276 shares during the period. Finally, Bramshill Investments LLC purchased a new position in ONEOK during the 4th quarter valued at about $1,528,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 2.5 %

NYSE OKE opened at $82.23 on Friday. The stock has a market cap of $51.37 billion, a P/E ratio of 17.20, a P/E/G ratio of 3.77 and a beta of 1.01. The stock’s fifty day moving average price is $89.33 and its 200-day moving average price is $98.16. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. 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 released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the company posted $1.09 earnings per share. As a group, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 annualized dividend and a dividend yield of 5.01%. ONEOK’s payout ratio is 80.47%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OKE. Wells Fargo & Company dropped their price objective on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. 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 report on Thursday, May 1st. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Citigroup cut their target price on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

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.