Kestra Private Wealth Services LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 122.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,867 shares of the utilities provider's stock after purchasing an additional 20,284 shares during the period. Kestra Private Wealth Services LLC's holdings in ONEOK were worth $3,658,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKE. Marcum Wealth LLC boosted its holdings in ONEOK by 1.1% in the first quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock valued at $1,017,000 after purchasing an additional 108 shares during the last quarter. West Paces Advisors Inc. raised its holdings in ONEOK by 4.7% in the 4th quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock valued at $254,000 after acquiring an additional 114 shares during the last quarter. Morey & Quinn Wealth Partners LLC grew its stake in shares of ONEOK by 0.8% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider's stock valued at $1,560,000 after buying an additional 130 shares during the period. Uniplan Investment Counsel Inc. grew its stake in shares of ONEOK by 0.3% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 50,970 shares of the utilities provider's stock valued at $5,117,000 after buying an additional 132 shares during the period. Finally, Visionary Wealth Advisors boosted its position in shares of ONEOK by 2.1% during the 4th quarter. Visionary Wealth Advisors now owns 6,320 shares of the utilities provider's stock worth $635,000 after purchasing an additional 132 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Barclays decreased their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. Wells Fargo & Company cut their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Scotiabank set a $92.00 target price on shares of ONEOK and gave the company a "sector outperform" rating in a report on Tuesday, July 15th. Raymond James Financial decreased their price objective on shares of ONEOK from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ONEOK has a consensus rating of "Moderate Buy" and a consensus price target of $103.53.
Get Our Latest Stock Report on OKE
ONEOK Stock Performance
Shares of NYSE OKE traded up $0.68 during trading on Thursday, reaching $82.35. 869,202 shares of the stock traded hands, compared to its average volume of 3,970,443. The company has a 50-day moving average of $81.66 and a 200-day moving average of $89.78. The stock has a market capitalization of $51.84 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. ONEOK, Inc. has a 52-week low of $75.47 and a 52-week high of $118.07.
ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.
ONEOK Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.00%. ONEOK's payout ratio is currently 80.47%.
About ONEOK
(
Free Report)
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.
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