Versor Investments LP Purchases Shares of 12,041 ONEOK, Inc. (NYSE:OKE)

Versor Investments LP bought a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,041 shares of the utilities provider's stock, valued at approximately $1,209,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in ONEOK in the fourth quarter worth about $258,000. Oppenheimer Asset Management Inc. raised its position in shares of ONEOK by 1.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 34,918 shares of the utilities provider's stock valued at $3,506,000 after purchasing an additional 557 shares during the last quarter. Kovack Advisors Inc. boosted its stake in ONEOK by 20.1% in the 4th quarter. Kovack Advisors Inc. now owns 8,042 shares of the utilities provider's stock worth $807,000 after purchasing an additional 1,347 shares in the last quarter. New York Life Investment Management LLC grew its position in ONEOK by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 86,778 shares of the utilities provider's stock worth $8,713,000 after purchasing an additional 267 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in ONEOK during the 4th quarter valued at approximately $216,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OKE. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Scotiabank assumed coverage on ONEOK in a research report on Friday, January 10th. They set a "sector outperform" rating and a $109.00 price target for the company. Wells Fargo & Company dropped their price target 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. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a report on Tuesday, December 3rd. Finally, Mizuho upgraded ONEOK to a "hold" rating in a research note on Thursday, November 7th. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $104.15.

Remove Ads

ONEOK Price Performance

NYSE OKE traded down $3.82 during trading hours on Monday, hitting $96.57. 3,555,565 shares of the company's stock traded hands, compared to its average volume of 4,049,925. 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's 50-day moving average is $100.91 and its 200-day moving average is $99.29. ONEOK, Inc. has a 52-week low of $75.69 and a 52-week high of $118.07. The company has a market capitalization of $60.29 billion, a PE ratio of 20.20, a PEG ratio of 3.77 and a beta of 1.70.

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

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $1.03 dividend. This is a boost from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.27%. ONEOK's dividend payout ratio is 79.69%.

ONEOK Company 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.