Cwm LLC Acquires 676 Shares of ONEOK, Inc. (NYSE:OKE)

Cwm LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKEFree Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,603 shares of the utilities provider’s stock after purchasing an additional 676 shares during the quarter. Cwm LLC’s holdings in ONEOK were worth $3,015,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OKE. Vanguard Group Inc. lifted its holdings in ONEOK by 10.3% during the 3rd quarter. Vanguard Group Inc. now owns 59,237,038 shares of the utilities provider’s stock valued at $3,757,405,000 after purchasing an additional 5,525,010 shares during the last quarter. Norges Bank acquired a new stake in shares of ONEOK during the fourth quarter worth $297,948,000. Deutsche Bank AG lifted its holdings in shares of ONEOK by 37.7% during the third quarter. Deutsche Bank AG now owns 13,292,341 shares of the utilities provider’s stock worth $843,133,000 after buying an additional 3,636,660 shares in the last quarter. Blackstone Inc. lifted its holdings in shares of ONEOK by 3,478.3% during the third quarter. Blackstone Inc. now owns 3,578,316 shares of the utilities provider’s stock worth $226,973,000 after buying an additional 3,478,316 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of ONEOK by 5,247.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,463,929 shares of the utilities provider’s stock worth $173,017,000 after buying an additional 2,417,849 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of a number of research reports. Truist Financial lifted their target price on ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. UBS Group lifted their target price on ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Morgan Stanley lifted their target price on ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. StockNews.com raised ONEOK from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Stifel Nicolaus boosted their price target on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.25.

Get Our Latest Stock Report on ONEOK

ONEOK Price Performance

NYSE OKE traded up $1.01 during trading on Wednesday, hitting $80.06. 2,250,992 shares of the company’s stock were exchanged, compared to its average volume of 2,406,588. The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24. The company has a market cap of $46.73 billion, a PE ratio of 18.62, a P/E/G ratio of 4.24 and a beta of 1.65. ONEOK, Inc. has a fifty-two week low of $57.37 and a fifty-two week high of $83.31. The stock’s 50 day moving average price is $79.78 and its two-hundred day moving average price is $75.16.

ONEOK (NYSE:OKEGet Free Report) last issued its earnings results on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same quarter in the previous year, the firm earned $2.34 earnings per share. Research analysts expect that ONEOK, Inc. will post 4.94 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Tuesday, April 30th. ONEOK’s dividend payout ratio is presently 92.09%.

ONEOK Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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