ONEOK, Inc. (NYSE:OKE) Shares Bought by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lifted its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,260 shares of the utilities provider's stock after purchasing an additional 5,987 shares during the period. Alpine Woods Capital Investors LLC's holdings in ONEOK were worth $4,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. boosted its position in shares of ONEOK by 4.1% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after acquiring an additional 96 shares during the last quarter. McAdam LLC boosted its position in shares of ONEOK by 3.8% during the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock worth $262,000 after acquiring an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC boosted its position in shares of ONEOK by 0.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock worth $1,262,000 after acquiring an additional 100 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of ONEOK by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock worth $965,000 after acquiring an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA boosted its position in shares of ONEOK by 1.4% during the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock worth $734,000 after acquiring an additional 104 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OKE shares. Truist Financial upped their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research report on Tuesday, December 3rd. Citigroup initiated coverage on shares of ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price objective for the company. Barclays lowered their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Wolfe Research upgraded 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. Finally, Scotiabank lowered their price objective on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and a consensus price target of $103.31.

ONEOK Trading Down 0.5 %

OKE stock traded down $0.50 during trading on Tuesday, hitting $97.95. The company had a trading volume of 2,728,695 shares, compared to its average volume of 2,826,963. The firm has a market capitalization of $61.15 billion, a P/E ratio of 20.49, a PEG ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a 52-week low of $76.23 and a 52-week high of $118.07. The company has a 50 day simple moving average of $99.15 and a 200-day simple moving average of $99.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given 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 dividend on an annualized basis and a yield of 4.21%. ONEOK's dividend payout ratio (DPR) is 79.69%.

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.