3,116 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Essex Savings Bank

Essex Savings Bank acquired a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,116 shares of the utilities provider's stock, valued at approximately $313,000.

Several other institutional investors have also recently added to or reduced their stakes in OKE. National Pension Service grew its holdings in shares of ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock worth $69,608,000 after purchasing an additional 12,349 shares during the last quarter. Leavell Investment Management Inc. grew its stake in ONEOK by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock worth $12,871,000 after buying an additional 5,175 shares during the last quarter. Caxton Associates LP acquired a new position in ONEOK during the second quarter worth approximately $1,225,000. Point72 Europe London LLP purchased a new stake in ONEOK in the second quarter valued at approximately $15,008,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of ONEOK by 11.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock valued at $4,972,000 after acquiring an additional 5,451 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OKE. UBS Group upped their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Truist Financial increased their target price 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. Royal Bank of Canada boosted their price target on ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 16th. US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Finally, Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 target price on the stock. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $101.54.

ONEOK Trading Up 0.4 %

OKE traded up $0.42 during trading on Friday, hitting $109.08. The company's stock had a trading volume of 3,069,757 shares, compared to its average volume of 2,688,254. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The stock has a market cap of $63.72 billion, a PE ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70. The firm's 50 day moving average price is $106.13 and its 200-day moving average price is $95.46. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

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

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.