Fort Washington Investment Advisors Inc. OH Has $3.63 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Fort Washington Investment Advisors Inc. OH cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 37.1% during the 4th quarter, Holdings Channel reports. The firm owned 36,110 shares of the utilities provider’s stock after selling 21,255 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ONEOK were worth $3,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of OKE. Canada Pension Plan Investment Board increased its stake in shares of ONEOK by 37.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 53,591 shares of the utilities provider’s stock worth $4,370,000 after purchasing an additional 14,505 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of ONEOK by 72.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,687 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 1,133 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of ONEOK during the 2nd quarter worth about $16,046,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of ONEOK by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,685 shares of the utilities provider’s stock worth $9,108,000 after purchasing an additional 42,133 shares during the last quarter. Finally, Fred Alger Management LLC grew its stake in ONEOK by 6.1% in the 2nd quarter. Fred Alger Management LLC now owns 40,470 shares of the utilities provider’s stock valued at $3,300,000 after buying an additional 2,336 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research reports. UBS Group upped their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Scotiabank initiated coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Bank of America initiated coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research note on Wednesday, December 18th. Finally, Barclays upped their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Stock Performance

Shares of ONEOK stock opened at $104.91 on Friday. The company has a 50 day moving average of $106.17 and a 200-day moving average of $96.28. ONEOK, Inc. has a 1-year low of $67.05 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 company has a market cap of $61.29 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 4.16 and a beta of 1.70.

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

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 3.93%. ONEOK’s dividend payout ratio is presently 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.