American Century Companies Inc. Buys 150,484 Shares of ONEOK, Inc. (NYSE:OKE)

American Century Companies Inc. grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 889,423 shares of the utilities provider's stock after purchasing an additional 150,484 shares during the quarter. American Century Companies Inc. owned approximately 0.15% of ONEOK worth $89,298,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of ONEOK by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock worth $1,848,844,000 after purchasing an additional 934,007 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ONEOK by 1.0% during the third quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider's stock valued at $1,242,449,000 after buying an additional 138,430 shares during the period. Amundi raised its holdings in shares of ONEOK by 5.3% during the fourth quarter. Amundi now owns 4,105,596 shares of the utilities provider's stock valued at $422,261,000 after acquiring an additional 207,324 shares in the last quarter. Janus Henderson Group PLC lifted its stake in ONEOK by 0.3% in the third quarter. Janus Henderson Group PLC now owns 3,751,172 shares of the utilities provider's stock worth $341,844,000 after acquiring an additional 11,189 shares during the period. Finally, Chickasaw Capital Management LLC boosted its holdings in ONEOK by 15.2% in the fourth quarter. Chickasaw Capital Management LLC now owns 1,992,336 shares of the utilities provider's stock valued at $200,031,000 after acquiring an additional 263,545 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

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ONEOK Stock Down 2.5 %

Shares of NYSE OKE traded down $2.51 during midday trading on Thursday, hitting $98.76. The stock had a trading volume of 2,849,332 shares, compared to its average volume of 2,858,098. The business's 50 day moving average is $98.53 and its 200-day moving average is $100.07. The company has a market cap of $61.66 billion, a P/E ratio of 20.66, 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 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 announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 4.17%. This is an increase from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Truist Financial lifted their price objective on ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Barclays dropped their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Finally, Scotiabank decreased their price objective on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

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.