Mercer Global Advisors Inc. ADV Boosts Holdings in ONEOK, Inc. (NYSE:OKE)

Mercer Global Advisors Inc. ADV raised its holdings in ONEOK, Inc. (NYSE:OKE – Get Rating) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,740 shares of the utilities provider’s stock after buying an additional 1,436 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in ONEOK were worth $3,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Bank increased its position in ONEOK by 401.0% during the 2nd quarter. First Command Bank now owns 491 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 393 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in ONEOK during the 4th quarter worth approximately $29,000. Worth Asset Management LLC acquired a new stake in ONEOK during the 1st quarter worth approximately $30,000. CI Investments Inc. increased its position in ONEOK by 1,003.7% during the 3rd quarter. CI Investments Inc. now owns 596 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 542 shares in the last quarter. Finally, RFP Financial Group LLC acquired a new stake in ONEOK during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 67.16% of the company’s stock.

ONEOK Stock Performance

OKE stock opened at $63.72 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.92 and a current ratio of 1.18. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.64 and a beta of 1.68. ONEOK, Inc. has a 1 year low of $50.50 and a 1 year high of $71.57. The stock’s fifty day moving average is $64.17 and its two-hundred day moving average is $65.38.

ONEOK (NYSE:OKE – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.53. ONEOK had a net margin of 11.09% and a return on equity of 36.54%. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $5.13 billion. During the same period in the previous year, the business earned $0.87 earnings per share. On average, research analysts predict that ONEOK, Inc. will post 5.43 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be paid a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, April 28th. ONEOK’s dividend payout ratio is currently 72.08%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OKE shares. UBS Group lowered their price objective on shares of ONEOK from $82.00 to $81.00 in a research report on Monday, May 8th. Mizuho raised their price target on shares of ONEOK from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 2nd. Seaport Res Ptn reissued a “neutral” rating on shares of ONEOK in a research report on Thursday, February 16th. StockNews.com raised shares of ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. Finally, Citigroup raised shares of ONEOK from a “neutral” rating to a “buy” rating and raised their price target for the stock from $71.00 to $72.00 in a research report on Tuesday, April 4th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $74.91.

ONEOK Profile

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ONEOK, Inc engages in gathering, processing, fractionating, transporting, storing and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma.