First International Bank & Trust Has $295,000 Stake in ONEOK, Inc. (NYSE:OKE)

First International Bank & Trust cut its stake in ONEOK, Inc. (NYSE:OKE) by 34.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,942 shares of the utilities provider’s stock after selling 1,567 shares during the quarter. First International Bank & Trust’s holdings in ONEOK were worth $295,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after buying an additional 3,197,121 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after acquiring an additional 661,854 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ONEOK in the third quarter valued at about $47,957,000. Yaupon Capital Management LP bought a new position in shares of ONEOK during the 3rd quarter valued at approximately $45,194,000. Finally, National Bank of Canada FI increased its stake in shares of ONEOK by 199.9% during the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after purchasing an additional 465,243 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on OKE shares. Truist Financial upped their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Bank of America initiated coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price target on the stock. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Finally, Royal Bank of Canada increased their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average price target of $101.00.

ONEOK Stock Performance

ONEOK stock opened at $102.68 on Friday. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $59.98 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The firm’s 50 day simple moving average is $105.46 and its 200 day simple moving average is $94.61.

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 the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the company posted $0.99 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. ONEOK’s payout ratio is currently 82.85%.

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.