Williamson Legacy Group LLC Makes New $283,000 Investment in ONEOK, Inc. (NYSE:OKE)

Williamson Legacy Group LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,815 shares of the utilities provider's stock, valued at approximately $283,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kieckhefer Group LLC bought a new position in ONEOK in the fourth quarter worth about $30,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 3rd quarter worth approximately $37,000. Canton Hathaway LLC acquired a new position in ONEOK during the 4th quarter valued at approximately $40,000. Versant Capital Management Inc increased its position in ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock worth $53,000 after buying an additional 260 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in ONEOK in the third quarter valued at $57,000. Institutional investors own 69.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on OKE shares. Mizuho raised shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. UBS Group boosted their price objective on ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company lowered their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Truist Financial boosted their price target on ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research report on Tuesday, December 3rd. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.15.

ONEOK Price Performance

ONEOK stock traded down $2.70 during mid-day trading on Monday, hitting $97.69. The company's stock had a trading volume of 1,679,151 shares, compared to its average volume of 3,998,198. The stock has a market capitalization of $60.99 billion, a P/E ratio of 20.46, 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 stock's fifty day moving average price is $100.91 and its two-hundred day moving average price is $99.29. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.18 billion. Research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is an increase from ONEOK's previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.22%. ONEOK's payout ratio is currently 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.