ONEOK, Inc. (NYSE:OKE) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 48.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,780 shares of the utilities provider's stock after buying an additional 4,170 shares during the period. Smartleaf Asset Management LLC's holdings in ONEOK were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in OKE. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the fourth quarter valued at about $30,000. Access Investment Management LLC acquired a new stake in ONEOK in the 3rd quarter valued at approximately $37,000. Canton Hathaway LLC purchased a new stake in ONEOK in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc lifted its stake in ONEOK by 98.1% during the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock worth $53,000 after purchasing an additional 260 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of ONEOK during the third quarter worth $57,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analysts Set New Price Targets

OKE has been the topic of several research reports. Mizuho raised ONEOK to a "hold" rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price objective on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. 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. Truist Financial raised their price target 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. Finally, Barclays began coverage on shares of ONEOK in a research note on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price target for the company. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.15.

ONEOK Stock Down 3.8 %

Shares of NYSE OKE traded down $3.82 during midday trading on Monday, hitting $96.57. 3,556,230 shares of the company's stock were exchanged, compared to its average volume of 4,050,158. The firm's fifty day simple moving average is $100.91 and its 200-day simple moving average is $99.29. The company has a market cap of $60.29 billion, a PE ratio of 20.20, a P/E/G ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $75.69 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 issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. Research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company 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 represents a $4.12 dividend on an annualized basis and a dividend yield of 4.27%. This is a boost from ONEOK's previous quarterly dividend of $0.99. ONEOK's payout ratio is 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.