ONEOK, Inc. (NYSE:OKE) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 137.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,278 shares of the utilities provider’s stock after purchasing an additional 8,834 shares during the quarter. Brighton Jones LLC’s holdings in ONEOK were worth $1,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Matrix Trust Co acquired a new position in ONEOK in the 3rd quarter valued at about $29,000. Kieckhefer Group LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the third quarter valued at approximately $37,000. Values First Advisors Inc. purchased a new position in shares of ONEOK during the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC boosted its position in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Down 0.5 %

Shares of OKE opened at $104.42 on Friday. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The stock’s 50-day moving average is $106.11 and its two-hundred day moving average is $96.34. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market cap of $61.00 billion, a PE ratio of 21.84, a P/E/G ratio of 4.03 and a beta of 1.70.

ONEOK (NYSE:OKE) last released 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). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the company earned $0.99 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $1.03 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 3.95%. ONEOK’s payout ratio is 82.85%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada increased their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered 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. Truist Financial upped their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Mizuho raised shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, Barclays increased their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Company Profile

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.