ONEOK, Inc. (NYSE:OKE) Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479,312 shares of the utilities provider's stock after buying an additional 32,651 shares during the period. Natixis Advisors LLC owned approximately 0.08% of ONEOK worth $48,123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC increased its holdings in shares of ONEOK by 14,279.1% during the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after buying an additional 21,847 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock worth $1,456,000 after buying an additional 5,321 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in ONEOK by 222.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 16,181 shares of the utilities provider's stock worth $1,475,000 after purchasing an additional 11,160 shares during the period. Mizuho Securities USA LLC boosted its position in ONEOK by 130.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 103,648 shares of the utilities provider's stock worth $9,445,000 after purchasing an additional 58,649 shares during the period. Finally, Simon Quick Advisors LLC purchased a new stake in ONEOK during the 4th quarter worth $251,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OKE. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Monday, February 10th. Truist Financial upped 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. Citigroup assumed coverage on shares of ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price target on the stock. Scotiabank reduced their price target on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Seven 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.31.

ONEOK Price Performance

Shares of NYSE OKE traded up $0.70 during mid-day trading on Thursday, reaching $100.75. 2,726,853 shares of the company traded hands, compared to its average volume of 2,831,592. ONEOK, Inc. has a fifty-two week low of $76.23 and a fifty-two week high of $118.07. 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 firm has a market cap of $62.90 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The stock has a fifty day simple moving average of $99.03 and a 200-day simple moving average of $99.75.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. The business 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%. Equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.09%. This is a boost from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK's dividend payout ratio (DPR) 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.