5,249 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Enhancing Capital LLC

Enhancing Capital LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,249 shares of the utilities provider's stock, valued at approximately $527,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $30,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $48,000. OFI Invest Asset Management acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $51,000. Finally, Versant Capital Management Inc boosted its holdings in shares of ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock valued at $53,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a report on Tuesday, December 3rd. Citigroup began coverage on shares of ONEOK in a report on Friday, February 28th. They set a "buy" rating and a $110.00 target price for the company. Wells Fargo & Company reduced their target price on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Monday, February 10th. Seven 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.31.

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ONEOK Stock Performance

OKE stock traded down $1.20 during trading hours on Friday, reaching $99.45. The stock had a trading volume of 9,379,327 shares, compared to its average volume of 2,858,007. The stock has a market capitalization of $62.09 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a 50-day simple moving average of $98.94 and a 200 day simple moving average of $99.80. ONEOK, Inc. has a fifty-two week low of $76.23 and a fifty-two week high of $118.07.

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 for the quarter, beating the consensus estimate of $1.46 by $0.11. The company had revenue of $7 billion for 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%. Analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.14%. ONEOK's dividend payout ratio is presently 79.69%.

About ONEOK

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.