ONEOK, Inc. (NYSE:OKE) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,109,454 shares of the utilities provider’s stock after purchasing an additional 98,845 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.36% of ONEOK worth $211,794,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of ONEOK by 1.9% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,359 shares of the utilities provider’s stock worth $1,341,000 after purchasing an additional 247 shares during the period. Laurion Capital Management LP acquired a new position in ONEOK in the 4th quarter valued at $1,070,000. Jefferies Financial Group Inc. purchased a new position in shares of ONEOK during the 4th quarter worth about $1,107,000. Gotham Asset Management LLC grew its holdings in ONEOK by 186.5% in the fourth quarter. Gotham Asset Management LLC now owns 177,819 shares of the utilities provider’s stock valued at $17,853,000 after purchasing an additional 115,743 shares during the period. Finally, Greenline Partners LLC purchased a new position in shares of ONEOK in the 4th quarter worth $32,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on shares of ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 29th. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. Stifel Nicolaus lowered their target price on ONEOK from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Barclays reduced their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Seven 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.00.

ONEOK Stock Performance

NYSE:OKE opened at $82.33 on Monday. 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 business’s 50-day moving average price is $89.10 and its two-hundred day moving average price is $98.07. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The stock has a market cap of $51.43 billion, a P/E ratio of 17.22, a PEG ratio of 3.77 and a beta of 1.01.

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

ONEOK Announces Dividend

The company also recently declared 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 of this dividend is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.00%. ONEOK’s dividend payout ratio is currently 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.