Laurion Capital Management LP Makes New $1.07 Million Investment in ONEOK, Inc. (NYSE:OKE)

Laurion Capital Management LP bought a new position in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 10,655 shares of the utilities provider’s stock, valued at approximately $1,070,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its position in ONEOK by 16.1% during the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider’s stock valued at $172,131,000 after buying an additional 262,486 shares during the period. Principal Financial Group Inc. boosted its position in ONEOK by 3.5% during the third quarter. Principal Financial Group Inc. now owns 710,314 shares of the utilities provider’s stock valued at $64,731,000 after buying an additional 24,193 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in ONEOK by 2.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 223,459 shares of the utilities provider’s stock valued at $22,435,000 after acquiring an additional 4,915 shares during the period. Czech National Bank boosted its holdings in ONEOK by 6.5% during the 4th quarter. Czech National Bank now owns 126,663 shares of the utilities provider’s stock valued at $12,717,000 after acquiring an additional 7,681 shares during the period. Finally, Matrix Trust Co boosted its holdings in ONEOK by 649.8% during the 4th quarter. Matrix Trust Co now owns 2,392 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 2,073 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $82.33 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The company has a 50-day simple moving average of $89.10 and a two-hundred day simple moving average of $98.07. The firm has a market capitalization of $51.43 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the business earned $1.09 earnings per share. On average, analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.00%. The ex-dividend date is Monday, May 5th. ONEOK’s dividend payout ratio is currently 80.47%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OKE shares. Wells Fargo & Company dropped their target price on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on ONEOK from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Citigroup dropped their price target on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Barclays dropped their price target on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Finally, Morgan Stanley increased their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

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.