AlphaMark Advisors LLC Decreases Stock Holdings in ONEOK, Inc. (NYSE:OKE)

AlphaMark Advisors LLC lessened its position in ONEOK, Inc. (NYSE:OKE) by 11.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,805 shares of the utilities provider’s stock after selling 715 shares during the period. AlphaMark Advisors LLC’s holdings in ONEOK were worth $583,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OKE. Marshall Wace LLP bought a new stake in shares of ONEOK in the second quarter worth about $16,046,000. AQR Capital Management LLC grew its position in shares of ONEOK by 0.4% in the 2nd quarter. AQR Capital Management LLC now owns 93,486 shares of the utilities provider’s stock worth $7,566,000 after buying an additional 383 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in shares of ONEOK by 35.9% during the second quarter. Daymark Wealth Partners LLC now owns 5,513 shares of the utilities provider’s stock valued at $450,000 after buying an additional 1,455 shares during the period. MBB Public Markets I LLC raised its holdings in shares of ONEOK by 481.4% during the second quarter. MBB Public Markets I LLC now owns 44,189 shares of the utilities provider’s stock valued at $3,604,000 after acquiring an additional 36,589 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in ONEOK in the 2nd quarter worth $261,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price target on the stock. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Scotiabank assumed coverage on shares of ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. Finally, UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Trading Down 0.5 %

NYSE:OKE opened at $104.42 on Friday. The stock has a market cap of $61.00 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.03 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. The company’s 50 day moving average price is $106.00 and its 200-day moving average price is $96.50. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $1.03 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 3.95%. ONEOK’s payout ratio is 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.