Certior Financial Group LLC Acquires Shares of 4,910 ONEOK, Inc. (NYSE:OKE)

Certior Financial Group LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,910 shares of the utilities provider’s stock, valued at approximately $493,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in ONEOK by 4.6% in the fourth quarter. FMR LLC now owns 1,225,282 shares of the utilities provider’s stock valued at $123,018,000 after purchasing an additional 53,365 shares during the last quarter. Unigestion Holding SA purchased a new position in shares of ONEOK during the 4th quarter valued at $1,012,000. Aster Capital Management DIFC Ltd bought a new position in shares of ONEOK during the 4th quarter worth $778,000. Titleist Asset Management LLC purchased a new stake in ONEOK in the 4th quarter worth about $215,000. Finally, Ilmarinen Mutual Pension Insurance Co raised its stake in ONEOK by 15.9% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 84,000 shares of the utilities provider’s stock valued at $8,434,000 after acquiring an additional 11,500 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

OKE stock opened at $80.73 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm’s 50-day moving average price is $97.08 and its two-hundred day moving average price is $100.30. The stock has a market capitalization of $50.40 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 12-month low of $76.23 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. As a group, equities analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 5.10%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is 79.69%.

Analysts Set New Price Targets

OKE has been the topic of several analyst reports. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Scotiabank lowered their target price on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a research note on Thursday, March 6th. Wolfe Research upgraded 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. Wells Fargo & Company dropped their price objective on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup began coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 price target on the stock. Seven 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

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.