Czech National Bank Buys 7,681 Shares of ONEOK, Inc. (NYSE:OKE)

Czech National Bank lifted its stake in ONEOK, Inc. (NYSE:OKE) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,663 shares of the utilities provider’s stock after buying an additional 7,681 shares during the period. Czech National Bank’s holdings in ONEOK were worth $12,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LVM Capital Management Ltd. MI bought a new stake in shares of ONEOK in the 4th quarter worth approximately $679,000. ORG Wealth Partners LLC raised its stake in shares of ONEOK by 68.2% in the fourth quarter. ORG Wealth Partners LLC now owns 1,953 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 792 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in ONEOK by 36.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 3,899 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 1,033 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in ONEOK by 2.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 223,459 shares of the utilities provider’s stock worth $22,435,000 after buying an additional 4,915 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in ONEOK by 61.9% in the 4th quarter. First Hawaiian Bank now owns 23,183 shares of the utilities provider’s stock valued at $2,328,000 after buying an additional 8,867 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OKE shares. Scotiabank started coverage on shares of ONEOK in a report on Friday. They set a “sector outperform” rating and a $109.00 price objective for the company. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.54.

ONEOK Trading Up 2.1 %

Shares of NYSE OKE opened at $103.92 on Tuesday. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a 50-day moving average of $105.80 and a two-hundred day moving average of $95.11. The company has a market cap of $60.71 billion, a PE ratio of 21.74, a P/E/G ratio of 5.24 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the prior year, the company posted $0.99 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.81%. ONEOK’s dividend payout ratio is currently 82.85%.

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.