ONEOK, Inc. (NYSE:OKE) Shares Acquired by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. boosted its stake in ONEOK, Inc. (NYSE:OKE) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,853 shares of the utilities provider’s stock after acquiring an additional 141 shares during the period. Gibraltar Capital Management Inc.’s holdings in ONEOK were worth $487,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. National Pension Service raised its stake in shares of ONEOK by 65.3% in the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider’s stock valued at $126,779,000 after acquiring an additional 498,908 shares during the period. Advisor OS LLC lifted its position in shares of ONEOK by 1.2% during the fourth quarter. Advisor OS LLC now owns 14,092 shares of the utilities provider’s stock worth $1,415,000 after purchasing an additional 161 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in ONEOK by 161.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 38,202 shares of the utilities provider’s stock worth $3,836,000 after buying an additional 23,571 shares in the last quarter. Sprott Inc. purchased a new position in ONEOK in the fourth quarter valued at $341,000. Finally, FFT Wealth Management LLC grew its position in shares of ONEOK by 1.1% during the fourth quarter. FFT Wealth Management LLC now owns 30,584 shares of the utilities provider’s stock worth $3,071,000 after buying an additional 334 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays started coverage on shares of ONEOK in a research note on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price for the company. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a report on Wednesday, December 18th. Truist Financial lifted their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Trading Down 2.5 %

Shares of OKE opened at $95.66 on Wednesday. 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 1-year low of $72.44 and a 1-year high of $118.07. The stock has a market cap of $55.88 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The firm has a 50 day simple moving average of $100.97 and a 200-day simple moving average of $99.04.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The company had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were 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 was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.31%. ONEOK’s dividend payout ratio is presently 86.19%.

ONEOK 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.