Achmea Investment Management B.V. boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 306.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 126,234 shares of the utilities provider's stock after acquiring an additional 95,159 shares during the period. Achmea Investment Management B.V.'s holdings in ONEOK were worth $12,673,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Atria Investments Inc lifted its holdings in ONEOK by 76.9% in the 3rd quarter. Atria Investments Inc now owns 23,561 shares of the utilities provider's stock valued at $2,147,000 after purchasing an additional 10,240 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in ONEOK by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,408,137 shares of the utilities provider's stock valued at $128,324,000 after purchasing an additional 26,420 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in ONEOK by 13.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,433 shares of the utilities provider's stock valued at $404,000 after purchasing an additional 518 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in ONEOK by 18.0% in the 3rd quarter. Empower Advisory Group LLC now owns 3,519 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 536 shares in the last quarter. Finally, Haverford Trust Co lifted its holdings in ONEOK by 1.2% in the 3rd quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider's stock valued at $917,000 after purchasing an additional 117 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.
ONEOK Trading Down 0.5 %
NYSE OKE traded down $0.50 during mid-day trading on Tuesday, hitting $97.95. The company's stock had a trading volume of 2,728,695 shares, compared to its average volume of 2,826,963. 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 52-week low of $76.23 and a 52-week high of $118.07. The stock's fifty day simple moving average is $99.15 and its two-hundred day simple moving average is $99.70. The firm has a market capitalization of $61.15 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70.
ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (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%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. Research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.
ONEOK Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $1.03 dividend. 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 yield of 4.21%. ONEOK's dividend payout ratio (DPR) is 79.69%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Truist Financial increased their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a report on Tuesday, December 3rd. Scotiabank cut their price objective on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut their price objective on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Monday, February 10th. Seven investment 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.31.
Get Our Latest Stock Analysis on ONEOK
About ONEOK
(
Free Report)
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.
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