Mizuho Securities USA LLC Has $5.56 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Mizuho Securities USA LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,367 shares of the utilities provider's stock after purchasing an additional 17,493 shares during the period. Mizuho Securities USA LLC's holdings in ONEOK were worth $5,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OKE. Kieckhefer Group LLC acquired a new position in shares of ONEOK in the 4th quarter valued at $30,000. Canton Hathaway LLC acquired a new position in ONEOK during the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK in the 4th quarter valued at about $48,000. VSM Wealth Advisory LLC acquired a new stake in shares of ONEOK during the fourth quarter worth about $50,000. Finally, OFI Invest Asset Management acquired a new position in shares of ONEOK during the fourth quarter worth about $51,000. 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. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Truist Financial increased their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Barclays decreased their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Wells Fargo & Company lowered their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Finally, Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

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ONEOK Price Performance

NYSE OKE traded down $2.51 during trading hours on Thursday, reaching $98.76. 2,849,332 shares of the company's stock were exchanged, compared to its average volume of 2,860,181. The firm has a fifty day moving average of $98.72 and a 200-day moving average of $100.08. 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 one year low of $76.23 and a one year high of $118.07. The stock has a market cap of $61.66 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. On average, equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.17%. 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.