Nilsine Partners LLC Has $810,000 Stock Position in ONEOK, Inc. (NYSE:OKE)

Nilsine Partners LLC lifted its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 163.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,065 shares of the utilities provider's stock after acquiring an additional 5,001 shares during the quarter. Nilsine Partners LLC's holdings in ONEOK were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new stake in shares of ONEOK in the 3rd quarter valued at $29,000. Kieckhefer Group LLC purchased a new stake in ONEOK during the fourth quarter worth about $30,000. Access Investment Management LLC acquired a new stake in shares of ONEOK during the third quarter worth about $37,000. Values First Advisors Inc. purchased a new position in shares of ONEOK in the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC grew its holdings in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OKE. Wells Fargo & Company cut shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price target for the company. in a research report on Wednesday, December 18th. US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Mizuho upgraded ONEOK to a "hold" rating in a research note on Thursday, November 7th. Finally, Truist Financial upped 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.92.

ONEOK Stock Performance

Shares of ONEOK stock traded down $0.22 on Wednesday, reaching $100.38. 5,078,018 shares of the stock were exchanged, compared to its average volume of 3,246,278. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $58.64 billion, a PE ratio of 21.00, a PEG ratio of 4.03 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The business has a fifty day moving average price of $105.51 and a two-hundred day moving average price of $96.93.

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

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $1.03 dividend. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK's dividend payout ratio is currently 82.85%.

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.