Hickory Point Bank & Trust Buys New Holdings in ONEOK, Inc. (NYSE:OKE)

Hickory Point Bank & Trust bought a new stake in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, HoldingsChannel reports. The fund bought 2,185 shares of the utilities provider’s stock, valued at approximately $219,000.

A number of other large investors have also recently bought and sold shares of OKE. Charles Schwab Investment Management Inc. boosted 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 valued at $1,593,023,000 after buying an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ONEOK in the 3rd quarter worth approximately $47,957,000. National Pension Service boosted its position in ONEOK by 65.3% in the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider’s stock worth $126,779,000 after purchasing an additional 498,908 shares in the last quarter. Yaupon Capital Management LP purchased a new stake in ONEOK in the 3rd quarter worth approximately $45,194,000. Finally, Strategic Financial Concepts LLC boosted its position in ONEOK by 10,153.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 494,645 shares of the utilities provider’s stock worth $49,662,000 after purchasing an additional 489,821 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank assumed coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Citigroup started coverage on ONEOK in a research report on Friday. They issued a “buy” rating and a $110.00 price objective on the stock. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays started coverage on ONEOK in a research note on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price for the company. Finally, US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $104.15.

ONEOK Stock Up 3.8 %

NYSE OKE opened at $100.29 on Friday. ONEOK, Inc. has a one year low of $74.39 and a one year high of $118.07. The company has a market cap of $62.62 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.77 and a beta of 1.70. The business has a fifty day moving average price of $100.91 and a 200 day moving average price of $99.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

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

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.11%. ONEOK’s dividend payout ratio (DPR) is 79.69%.

About ONEOK

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.