Motco Has $111,000 Position in ONEOK, Inc. (OKE)

Motco maintained its stake in shares of ONEOK, Inc. (NYSE:OKE) during the first quarter, Holdings Channel reports. The firm owned 2,000 shares of the utilities provider’s stock at the end of the first quarter. Motco’s holdings in ONEOK were worth $111,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capstone Asset Management Co. increased its stake in shares of ONEOK by 0.4% in the first quarter. Capstone Asset Management Co. now owns 18,444 shares of the utilities provider’s stock valued at $1,023,000 after buying an additional 80 shares in the last quarter. OLD Second National Bank of Aurora increased its stake in shares of ONEOK by 0.4% in the first quarter. OLD Second National Bank of Aurora now owns 26,899 shares of the utilities provider’s stock valued at $1,491,000 after buying an additional 114 shares in the last quarter. Burney Co. increased its stake in shares of ONEOK by 2.7% in the fourth quarter. Burney Co. now owns 6,385 shares of the utilities provider’s stock valued at $367,000 after buying an additional 170 shares in the last quarter. Advantus Capital Management Inc increased its stake in shares of ONEOK by 1.1% in the third quarter. Advantus Capital Management Inc now owns 20,634 shares of the utilities provider’s stock valued at $1,060,000 after buying an additional 216 shares in the last quarter. Finally, Conning Inc. increased its stake in shares of ONEOK by 5.5% in the third quarter. Conning Inc. now owns 5,156 shares of the utilities provider’s stock valued at $265,000 after buying an additional 270 shares in the last quarter. 72.13% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

Shares of ONEOK, Inc. (NYSE:OKE) traded down 0.3248% on Friday, reaching $53.6153. The company’s stock had a trading volume of 2,336,513 shares. The company’s 50 day moving average is $54.50 and its 200-day moving average is $53.87. ONEOK, Inc. has a 1-year low of $34.56 and a 1-year high of $59.47. The stock has a market cap of $11.30 billion, a PE ratio of 32.2984 and a beta of 1.19.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 27th. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.51 billion. ONEOK had a return on equity of 9.99% and a net margin of 3.50%. During the same period last year, the firm earned $0.12 EPS. On average, equities analysts predict that ONEOK, Inc. will post $1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, April 27th. ONEOK’s dividend payout ratio (DPR) is presently 182.22%.

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Several equities research analysts recently issued reports on OKE shares. TheStreet raised ONEOK from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Wednesday, March 8th. Piper Jaffray Companies raised ONEOK to a “buy” rating and set a $63.00 price objective for the company in a research note on Saturday, February 4th. Guggenheim started coverage on ONEOK in a research note on Monday. They issued a “buy” rating and a $62.00 price objective for the company. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price objective on shares of ONEOK in a research note on Friday, March 31st. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ONEOK currently has a consensus rating of “Hold” and a consensus price target of $55.00.

About ONEOK

ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

5 Day Chart for NYSE:OKE

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