Disciplined Investments LLC Lowers Holdings in ONEOK, Inc. (NYSE:OKE)

Disciplined Investments LLC lessened its stake in ONEOK, Inc. (NYSE:OKE) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,666 shares of the utilities provider’s stock after selling 661 shares during the quarter. Disciplined Investments LLC’s holdings in ONEOK were worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI raised its position in shares of ONEOK by 18.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 18,344 shares of the utilities provider’s stock worth $1,849,000 after purchasing an additional 2,918 shares during the last quarter. Pinion Investment Advisors LLC raised its position in shares of ONEOK by 25.7% in the 4th quarter. Pinion Investment Advisors LLC now owns 11,076 shares of the utilities provider’s stock worth $1,112,000 after purchasing an additional 2,263 shares during the last quarter. Bahl & Gaynor Inc. raised its position in shares of ONEOK by 7.4% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,044,615 shares of the utilities provider’s stock worth $104,879,000 after purchasing an additional 71,556 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ONEOK by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider’s stock worth $1,848,844,000 after purchasing an additional 934,007 shares during the last quarter. Finally, NBW Capital LLC raised its position in shares of ONEOK by 32.5% in the 4th quarter. NBW Capital LLC now owns 5,010 shares of the utilities provider’s stock worth $503,000 after purchasing an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Barclays began coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price for the company. Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group boosted 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. Seven research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.15.

ONEOK Trading Down 3.8 %

ONEOK stock opened at $96.57 on Tuesday. The business has a 50-day simple moving average of $100.83 and a two-hundred day simple moving average of $99.35. The company has a market cap of $60.29 billion, a P/E ratio of 20.20, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52-week low of $75.69 and a 52-week high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. 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. Investors of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.27%. ONEOK’s payout ratio is 79.69%.

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.