Larson Financial Group LLC Raises Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Larson Financial Group LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,707 shares of the utilities provider's stock after purchasing an additional 3,658 shares during the quarter. Larson Financial Group LLC's holdings in ONEOK were worth $3,384,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of OKE. Kieckhefer Group LLC purchased a new stake in shares of ONEOK during the 4th quarter valued at about $30,000. Canton Hathaway LLC bought a new stake in ONEOK during the fourth quarter worth approximately $40,000. Access Investment Management LLC bought a new stake in ONEOK during the third quarter worth approximately $37,000. J.Safra Asset Management Corp purchased a new stake in ONEOK during the fourth quarter valued at approximately $48,000. Finally, Versant Capital Management Inc lifted its stake in shares of ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

OKE has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research report on Tuesday, December 3rd. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Wells Fargo & Company dropped their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Finally, Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $103.31.

Remove Ads

ONEOK Trading Up 0.8 %

OKE traded up $0.70 during trading on Tuesday, hitting $92.12. 1,463,797 shares of the stock were exchanged, compared to its average volume of 4,069,235. 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 firm has a 50 day simple moving average of $99.81 and a 200 day simple moving average of $99.49. The firm has a market cap of $57.51 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a 1 year low of $76.23 and a 1 year high of $118.07.

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

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, February 3rd. This is a boost from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio is presently 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.