7,746 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,746 shares of the utilities provider’s stock, valued at approximately $778,000.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in shares of ONEOK by 31.4% during the third quarter. Integrated Wealth Concepts LLC now owns 23,824 shares of the utilities provider’s stock valued at $2,171,000 after buying an additional 5,697 shares during the last quarter. Morse Asset Management Inc bought a new position in ONEOK during the 3rd quarter valued at about $346,000. Royal London Asset Management Ltd. boosted its holdings in shares of ONEOK by 3.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 301,797 shares of the utilities provider’s stock valued at $27,503,000 after acquiring an additional 9,281 shares during the last quarter. Quarry LP bought a new stake in shares of ONEOK in the third quarter worth approximately $158,000. Finally, Quantinno Capital Management LP raised its holdings in shares of ONEOK by 27.9% during the third quarter. Quantinno Capital Management LP now owns 54,500 shares of the utilities provider’s stock valued at $4,967,000 after purchasing an additional 11,898 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Performance

OKE opened at $80.73 on Friday. The company has a 50 day simple moving average of $97.08 and a two-hundred day simple moving average of $100.26. 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 market cap of $50.40 billion, a P/E ratio of 16.89, a PEG ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 1-year low of $76.23 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 net margin of 14.05% and a return on equity of 16.84%. Equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced 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. This represents a $4.12 annualized dividend and a yield of 5.10%. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 79.69%.

Wall Street Analyst Weigh In

OKE has been the topic of several research reports. Wells Fargo & Company dropped 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. Barclays dropped 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. Scotiabank lowered their target price on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Citigroup assumed coverage on shares of ONEOK in a research report on Friday, February 28th. They set a “buy” rating and a $110.00 price target for the company. 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 stock has an average rating of “Moderate Buy” and an average target price of $105.00.

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.