Ameritas Advisory Services LLC Grows Position in ONEOK, Inc. $OKE

Ameritas Advisory Services LLC lifted its stake in ONEOK, Inc. (NYSE:OKE) by 64.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,044 shares of the utilities provider’s stock after purchasing an additional 13,306 shares during the period. Ameritas Advisory Services LLC’s holdings in ONEOK were worth $2,484,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of OKE. Brighton Jones LLC increased its stake in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Empowered Funds LLC grew its holdings in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. Acadian Asset Management LLC purchased a new position in shares of ONEOK in the 1st quarter worth $216,000. CWM LLC raised its holdings in shares of ONEOK by 3.1% in the 2nd quarter. CWM LLC now owns 43,703 shares of the utilities provider’s stock worth $3,567,000 after purchasing an additional 1,323 shares during the period. Finally, TD Asset Management Inc raised its holdings in ONEOK by 7.5% in the second quarter. TD Asset Management Inc now owns 263,780 shares of the utilities provider’s stock valued at $21,532,000 after buying an additional 18,511 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of several analyst reports. Jefferies Financial Group began coverage on ONEOK in a research report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price for the company. Citigroup lowered their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. UBS Group reduced their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating and set a $82.00 price objective (down from $100.00) on shares of ONEOK in a research note on Friday, October 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.80.

ONEOK Stock Performance

OKE opened at $86.09 on Friday. The business has a fifty day simple moving average of $75.76 and a 200-day simple moving average of $73.49. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a market cap of $54.17 billion, a PE ratio of 15.82, a P/E/G ratio of 4.80 and a beta of 0.96. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is presently 78.68%.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.