Fox Run Management L.L.C. bought a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 14,313 shares of the utilities provider’s stock, valued at approximately $765,000.

A number of other hedge funds also recently made changes to their positions in the business. Capstone Investment Advisors Netherlands B.V. boosted its stake in ONEOK by 31.3% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 3,071 shares of the utilities provider’s stock worth $160,000 after buying an additional 732 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in ONEOK by 4.8% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 19,520 shares of the utilities provider’s stock worth $1,018,000 after buying an additional 897 shares during the period. Benson Investment Management Company Inc. boosted its stake in ONEOK by 2.1% during the fourth quarter. Benson Investment Management Company Inc. now owns 44,565 shares of the utilities provider’s stock worth $2,382,000 after buying an additional 905 shares during the period. Sentry Investment Management LLC boosted its stake in ONEOK by 6.9% during the second quarter. Sentry Investment Management LLC now owns 16,252 shares of the utilities provider’s stock worth $848,000 after buying an additional 1,056 shares during the period. Finally, Heritage Trust Co lifted its position in shares of ONEOK by 16.4% during the third quarter. Heritage Trust Co now owns 8,388 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 1,179 shares in the last quarter. 69.94% of the stock is owned by institutional investors.

Several analysts have recently issued reports on OKE shares. Mizuho started coverage on shares of ONEOK in a research report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and set a $54.00 price target on shares of ONEOK in a research report on Thursday, October 12th. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research report on Tuesday, October 17th. BMO Capital Markets set a $62.00 price target on shares of ONEOK and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, UBS Group increased their price target on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $59.93.

In other news, Director Brian L. Derksen bought 1,800 shares of ONEOK stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Shares of ONEOK, Inc. (OKE) opened at $58.32 on Friday. The firm has a market cap of $22,360.00, a P/E ratio of 36.45, a P/E/G ratio of 2.25 and a beta of 1.26. ONEOK, Inc. has a 1-year low of $47.14 and a 1-year high of $60.06. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same period last year, the business earned $0.43 EPS. equities analysts forecast that ONEOK, Inc. will post 1.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, January 29th will be issued a $0.77 dividend. This is a boost from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 26th. This represents a $3.08 annualized dividend and a yield of 5.28%. ONEOK’s dividend payout ratio (DPR) is 186.25%.

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ONEOK Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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