ONEOK, Inc. (NYSE:OKE) Stock Holdings Raised by MONECO Advisors LLC

MONECO Advisors LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,919 shares of the utilities provider’s stock after purchasing an additional 251 shares during the period. MONECO Advisors LLC’s holdings in ONEOK were worth $594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of OKE. National Pension Service grew its position in shares of ONEOK by 1.6% during the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock valued at $69,608,000 after buying an additional 12,349 shares during the last quarter. Leavell Investment Management Inc. grew its position in shares of ONEOK by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after buying an additional 5,175 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of ONEOK by 11.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after buying an additional 5,451 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of ONEOK by 14,279.1% during the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider’s stock valued at $2,208,000 after buying an additional 21,847 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in shares of ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider’s stock valued at $1,456,000 after buying an additional 5,321 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.0 %

Shares of NYSE:OKE opened at $98.14 on Tuesday. ONEOK, Inc. has a twelve month low of $72.44 and a twelve month high of $118.07. The firm has a market cap of $57.33 billion, a P/E ratio of 20.53, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a 50 day moving average of $101.09 and a 200-day moving average of $98.96. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 86.19%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OKE. Truist Financial boosted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Monday, February 10th. UBS Group upped their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, eight have given 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 a consensus price target of $103.92.

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.