ONEOK, Inc. (NYSE:OKE) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 41.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,399 shares of the utilities provider’s stock after purchasing an additional 4,538 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in ONEOK were worth $1,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OKE. Kieckhefer Group LLC bought a new position in shares of ONEOK in the fourth quarter valued at $30,000. Canton Hathaway LLC bought a new stake in ONEOK in the fourth quarter worth $40,000. J.Safra Asset Management Corp bought a new stake in shares of ONEOK during the 4th quarter worth about $48,000. VSM Wealth Advisory LLC acquired a new position in ONEOK during the fourth quarter valued at approximately $50,000. Finally, OFI Invest Asset Management acquired a new position in ONEOK in the 4th quarter valued at $51,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 12.9 %

NYSE:OKE opened at $80.73 on Friday. ONEOK, Inc. has a one year low of $76.23 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a 50-day moving average of $97.08 and a 200-day moving average of $100.22. The company has a market cap of $50.40 billion, a PE ratio of 16.89, a PEG ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. As a group, equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $1.03 dividend. 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 yield of 5.10%. The ex-dividend date was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 79.69%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OKE shares. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Scotiabank cut their price objective on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Citigroup initiated coverage on shares of ONEOK in a research report on Friday, February 28th. They set a “buy” rating and a $110.00 target price on the stock. Finally, Barclays cut their price target on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Seven equities 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.00.

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.