ONEOK, Inc. (NYSE:OKE) Stock Position Lessened by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,456 shares of the utilities provider's stock after selling 30,928 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in ONEOK were worth $7,878,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Astoria Portfolio Advisors LLC. raised its stake 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 valued at $260,000 after purchasing an additional 96 shares during the period. McAdam LLC grew its holdings in ONEOK by 3.8% during the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC increased its stake in ONEOK by 0.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock worth $1,262,000 after buying an additional 100 shares during the period. Mutual Advisors LLC lifted its holdings in ONEOK by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock worth $965,000 after buying an additional 103 shares in the last quarter. Finally, Morton Capital Management LLC CA boosted its position in ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock valued at $734,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company cut their price target on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley upped their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Citigroup began coverage on shares of ONEOK in a research note on Friday, February 28th. They issued a "buy" rating and a $110.00 price target for the company. Scotiabank reduced their price objective on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Truist Financial boosted 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. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.00.

ONEOK Stock Performance

Shares of ONEOK stock traded up $1.01 on Wednesday, reaching $100.51. 2,148,611 shares of the company were exchanged, compared to its average volume of 3,033,153. ONEOK, Inc. has a 1-year low of $76.23 and a 1-year high of $118.07. The firm has a market cap of $62.75 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company's 50-day moving average is $97.80 and its two-hundred day moving average is $100.36.

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

ONEOK Increases Dividend

The company also recently announced 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 a boost 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 4.10%. ONEOK's dividend payout ratio 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.