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

Sigma Planning Corp raised its holdings in 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 and Exchange Commission. The firm owned 13,308 shares of the utilities provider’s stock after acquiring an additional 213 shares during the period. Sigma Planning Corp’s holdings in ONEOK were worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in ONEOK by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after purchasing an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ONEOK in the third quarter valued at approximately $47,957,000. Yaupon Capital Management LP bought a new stake in shares of ONEOK during the third quarter worth $45,194,000. Strategic Financial Concepts LLC increased its position in shares of ONEOK by 10,153.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 494,645 shares of the utilities provider’s stock worth $49,662,000 after acquiring an additional 489,821 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of ONEOK by 199.9% during the third quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after acquiring an additional 465,243 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 0.0 %

Shares of OKE stock opened at $98.14 on Tuesday. ONEOK, Inc. has a 52-week low of $72.44 and a 52-week high of $118.07. 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 market cap of $57.33 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 3.77 and a beta of 1.70. The firm’s 50-day moving average is $101.09 and its 200-day moving average is $98.96.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 return on equity of 16.84% and a net margin of 14.05%. Sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.20%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK’s payout ratio is 86.19%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OKE shares. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Monday, February 10th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Scotiabank assumed coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.