Sigma Planning Corp Acquires 213 Shares of ONEOK, Inc. (NYSE:OKE)

Sigma Planning Corp boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,308 shares of the utilities provider’s stock after purchasing an additional 213 shares during the period. Sigma Planning Corp’s holdings in ONEOK were worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OKE. Ballentine Partners LLC grew its position in ONEOK by 7.3% in the third quarter. Ballentine Partners LLC now owns 4,707 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 320 shares during the period. Mediolanum International Funds Ltd grew its holdings in shares of ONEOK by 6.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 16,450 shares of the utilities provider’s stock worth $1,482,000 after purchasing an additional 992 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of ONEOK by 18.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,315 shares of the utilities provider’s stock worth $302,000 after purchasing an additional 525 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in ONEOK by 9.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 218,544 shares of the utilities provider’s stock valued at $19,916,000 after purchasing an additional 18,782 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in ONEOK by 50.8% in the third quarter. Frank Rimerman Advisors LLC now owns 15,546 shares of the utilities provider’s stock valued at $1,417,000 after buying an additional 5,239 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 0.0 %

OKE opened at $98.14 on Tuesday. The firm has a 50 day simple moving average of $101.09 and a 200 day simple moving average of $98.96. ONEOK, Inc. has a fifty-two week low of $72.44 and a fifty-two week high of $118.07. The company has a market cap of $57.33 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 24th. The utilities provider reported $1.57 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%. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.20%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OKE. Scotiabank started coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Wolfe Research upgraded 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. Barclays started coverage on ONEOK in a report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price on the stock. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. Finally, Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Seven investment 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 stock. According to data from MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and an average target price of $103.92.

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.