ONEOK, Inc. (NYSE:OKE) Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 5,046.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,469 shares of the utilities provider's stock after buying an additional 9,285 shares during the quarter. New Age Alpha Advisors LLC's holdings in ONEOK were worth $951,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of ONEOK by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock worth $7,040,075,000 after acquiring an additional 558,789 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ONEOK by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock valued at $1,848,844,000 after purchasing an additional 934,007 shares during the period. Geode Capital Management LLC lifted its stake in ONEOK by 1.0% during the third quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider's stock worth $1,242,449,000 after purchasing an additional 138,430 shares in the last quarter. Norges Bank purchased a new position in shares of ONEOK during the fourth quarter worth $539,554,000. Finally, Amundi grew its stake in shares of ONEOK by 5.3% in the fourth quarter. Amundi now owns 4,105,596 shares of the utilities provider's stock valued at $422,261,000 after buying an additional 207,324 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on OKE. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Barclays reduced their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Truist Financial lifted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a report on Tuesday, December 3rd. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Monday, February 10th. Finally, Scotiabank decreased their price target on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and an average target price of $105.00.

ONEOK Stock Up 1.0 %

Shares of NYSE OKE traded up $1.01 during midday trading on Wednesday, hitting $100.51. 2,148,611 shares of the company's stock were exchanged, compared to its average volume of 3,033,153. The firm's fifty day simple moving average is $97.91 and its 200-day simple moving average is $100.36. The company has a market cap of $62.75 billion, a PE ratio of 21.03, a P/E/G ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month 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.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $6.18 billion. Research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a positive change from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.10%. ONEOK's dividend payout ratio (DPR) 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.