Unigestion Holding SA Invests $1.01 Million in ONEOK, Inc. (NYSE:OKE)

Unigestion Holding SA purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,079 shares of the utilities provider’s stock, valued at approximately $1,012,000.

Several other institutional investors have also made changes to their positions in OKE. Kieckhefer Group LLC bought a new position in shares of ONEOK in the fourth quarter worth $30,000. Canton Hathaway LLC bought a new stake in shares of ONEOK during the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $48,000. VSM Wealth Advisory LLC acquired a new position in ONEOK during the fourth quarter valued at approximately $50,000. Finally, OFI Invest Asset Management acquired a new position in shares of ONEOK during the 4th quarter worth $51,000. 69.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays lowered their price objective on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Morgan Stanley lifted their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Scotiabank decreased their price target 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. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Finally, Citigroup began coverage on shares of ONEOK in a research report on Friday, February 28th. They set a “buy” rating and a $110.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and an average price target of $105.00.

ONEOK Price Performance

NYSE:OKE opened at $80.73 on Friday. The firm has a market capitalization of $50.40 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 3.77 and a beta of 1.20. 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 stock has a fifty day moving average of $97.08 and a 200 day moving average of $100.26. ONEOK, Inc. has a 52-week low of $76.23 and a 52-week high of $118.07.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $6.18 billion. On average, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.10%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s dividend payout ratio is presently 79.69%.

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.