Czech National Bank Purchases 7,681 Shares of ONEOK, Inc. (NYSE:OKE)

Czech National Bank grew its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,663 shares of the utilities provider's stock after purchasing an additional 7,681 shares during the period. Czech National Bank's holdings in ONEOK were worth $12,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. LVM Capital Management Ltd. MI acquired a new position in ONEOK during the fourth quarter worth $679,000. ORG Wealth Partners LLC boosted its stake in shares of ONEOK by 68.2% during the 4th quarter. ORG Wealth Partners LLC now owns 1,953 shares of the utilities provider's stock worth $196,000 after buying an additional 792 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of ONEOK by 36.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,899 shares of the utilities provider's stock valued at $391,000 after acquiring an additional 1,033 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of ONEOK by 2.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 223,459 shares of the utilities provider's stock valued at $22,435,000 after acquiring an additional 4,915 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in ONEOK by 61.9% during the fourth quarter. First Hawaiian Bank now owns 23,183 shares of the utilities provider's stock worth $2,328,000 after acquiring an additional 8,867 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley upgraded ONEOK from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Barclays boosted their target price on shares of ONEOK from $94.00 to $99.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Scotiabank assumed coverage on shares of ONEOK in a research note on Friday. They issued a "sector outperform" rating and a $109.00 price target for the company. Truist Financial boosted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company downgraded shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price for the company. in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average target price of $101.54.

ONEOK Stock Performance

OKE stock traded up $2.03 during trading hours on Tuesday, hitting $106.01. 2,569,683 shares of the stock were exchanged, compared to its average volume of 2,739,735. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $61.93 billion, a P/E ratio of 22.18, a P/E/G ratio of 5.24 and a beta of 1.70. The company has a 50-day simple moving average of $105.95 and a two-hundred day simple moving average of $95.28.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm earned $0.99 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.74%. ONEOK's dividend payout ratio (DPR) is presently 82.85%.

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.