Williamson Legacy Group LLC Acquires Shares of 2,815 ONEOK, Inc. (NYSE:OKE)

Williamson Legacy Group LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,815 shares of the utilities provider’s stock, valued at approximately $283,000.

Several other large investors also recently added to or reduced their stakes in the stock. Kieckhefer Group LLC purchased a new stake in shares of ONEOK in the 4th quarter worth approximately $30,000. Access Investment Management LLC purchased a new stake in shares of ONEOK in the 3rd quarter worth approximately $37,000. Canton Hathaway LLC purchased a new stake in shares of ONEOK in the 4th quarter worth approximately $40,000. Versant Capital Management Inc lifted its position in shares of ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 260 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of ONEOK in the 3rd quarter worth approximately $57,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OKE shares. Barclays started coverage on shares of ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Scotiabank initiated coverage on shares of ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup initiated coverage on shares of ONEOK in a research note on Friday. They set a “buy” rating and a $110.00 price objective for the company. Finally, Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. Seven investment 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. Based on data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and an average target price of $104.15.

ONEOK Trading Up 3.8 %

Shares of ONEOK stock opened at $100.29 on Friday. 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, Inc. has a 12-month low of $74.39 and a 12-month high of $118.07. The firm has a market capitalization of $58.59 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.77 and a beta of 1.70. The firm’s 50 day simple moving average is $100.91 and its two-hundred day simple moving average is $99.10.

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

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is presently 86.19%.

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.