Fisher Asset Management LLC Acquires 7,087 Shares of ONEOK, Inc. (NYSE:OKE)

Fisher Asset Management LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 103.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,926 shares of the utilities provider’s stock after purchasing an additional 7,087 shares during the quarter. Fisher Asset Management LLC’s holdings in ONEOK were worth $1,398,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OKE. Kieckhefer Group LLC bought a new position in ONEOK in the 4th quarter valued at $30,000. Access Investment Management LLC acquired a new stake in shares of ONEOK in the 3rd quarter valued at $37,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $40,000. Versant Capital Management Inc increased its stake in shares of ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after buying an additional 260 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of ONEOK in the 3rd quarter valued at $57,000. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on OKE. Wolfe Research raised 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. Scotiabank assumed coverage on ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective for the company. Barclays assumed coverage on ONEOK in a research note on Thursday, February 6th. They set an “equal weight” rating and a $105.00 price objective for the company. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group lifted their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.15.

ONEOK Stock Down 2.0 %

NYSE:OKE opened at $91.95 on Thursday. ONEOK, Inc. has a 1 year low of $76.23 and a 1 year high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a market cap of $57.40 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.77 and a beta of 1.70. The stock has a 50-day moving average price of $100.45 and a two-hundred day moving average price of $99.34.

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

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.48%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. 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.