Lbp Am Sa Purchases 7,122 Shares of ONEOK, Inc. (NYSE:OKE)

LBP AM SA grew its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,049 shares of the utilities provider's stock after purchasing an additional 7,122 shares during the quarter. LBP AM SA's holdings in ONEOK were worth $19,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in OKE. Kieckhefer Group LLC bought a new position in ONEOK in the fourth quarter worth approximately $30,000. Canton Hathaway LLC bought a new position in ONEOK in the 4th quarter worth $40,000. J.Safra Asset Management Corp purchased a new position in ONEOK during the fourth quarter valued at $48,000. OFI Invest Asset Management bought a new stake in ONEOK during the fourth quarter valued at about $51,000. Finally, Versant Capital Management Inc grew its holdings in ONEOK by 98.1% during the fourth 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 period. Institutional investors own 69.13% of the company's stock.

ONEOK Trading Down 0.5 %

Shares of OKE stock traded down $0.50 on Tuesday, reaching $97.95. 2,728,695 shares of the company's stock were exchanged, compared to its average volume of 2,826,963. The company's fifty day simple moving average is $99.15 and its 200 day simple moving average is $99.70. The stock has a market capitalization of $61.15 billion, a PE ratio of 20.49, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52 week low of $76.23 and a 52 week high of $118.07.

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ONEOK (NYSE:OKE - Get Free Report) last issued 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 firm had revenue of $7 billion during 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%. As a group, analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.21%. ONEOK's dividend payout ratio (DPR) is 79.69%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of recent research reports. Citigroup assumed coverage on ONEOK in a research note on Friday, February 28th. They set a "buy" rating and a $110.00 price objective for the company. Truist Financial raised their price objective on ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Wells Fargo & Company lowered their price target 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. Finally, Scotiabank reduced their price objective on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.31.

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.