Mufg Securities Americas Inc. Makes New Investment in ONEOK, Inc. (NYSE:OKE)

Mufg Securities Americas Inc. bought a new position in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,625 shares of the utilities provider’s stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OKE. Barclays PLC lifted its position in shares of ONEOK by 16.1% in the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider’s stock worth $172,131,000 after purchasing an additional 262,486 shares in the last quarter. Brookstone Capital Management lifted its position in shares of ONEOK by 94.0% in the fourth quarter. Brookstone Capital Management now owns 37,758 shares of the utilities provider’s stock worth $3,791,000 after purchasing an additional 18,300 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of ONEOK by 4.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,292 shares of the utilities provider’s stock worth $832,000 after purchasing an additional 389 shares in the last quarter. Kathmere Capital Management LLC lifted its position in shares of ONEOK by 4.0% in the fourth quarter. Kathmere Capital Management LLC now owns 3,941 shares of the utilities provider’s stock worth $396,000 after purchasing an additional 153 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of ONEOK by 10.3% in the fourth quarter. Park Avenue Securities LLC now owns 7,602 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 709 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on OKE shares. Citigroup cut their price objective on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. 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. 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 report on Tuesday, March 25th. Barclays cut their price objective on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. 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 report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average price target of $105.00.

ONEOK Trading Down 0.2%

NYSE:OKE opened at $86.31 on Thursday. The company’s 50 day moving average is $88.84 and its 200-day moving average is $97.83. The firm has a market cap of $53.91 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 3.77 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07.

ONEOK (NYSE:OKE) last announced 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). The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the business posted $1.09 EPS. Equities analysts anticipate 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. Stockholders of record on Monday, May 5th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.77%. ONEOK’s payout ratio is 80.47%.

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.