OneAscent Financial Services LLC Has $1.11 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

OneAscent Financial Services LLC increased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 49.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,206 shares of the utilities provider's stock after purchasing an additional 3,689 shares during the quarter. OneAscent Financial Services LLC's holdings in ONEOK were worth $1,114,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc raised its holdings in shares of ONEOK by 3.4% during the first quarter. Morse Asset Management Inc now owns 4,601 shares of the utilities provider's stock valued at $457,000 after buying an additional 151 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in ONEOK by 122.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 36,867 shares of the utilities provider's stock valued at $3,658,000 after acquiring an additional 20,284 shares in the last quarter. AMG National Trust Bank bought a new stake in ONEOK during the 1st quarter valued at $217,000. Formidable Asset Management LLC raised its stake in ONEOK by 6.5% during the 1st quarter. Formidable Asset Management LLC now owns 11,270 shares of the utilities provider's stock valued at $1,118,000 after acquiring an additional 689 shares in the last quarter. Finally, Mystic Asset Management Inc. raised its stake in ONEOK by 41.5% during the 1st quarter. Mystic Asset Management Inc. now owns 6,483 shares of the utilities provider's stock valued at $643,000 after acquiring an additional 1,900 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on OKE shares. Scotiabank set a $92.00 target price on ONEOK and gave the stock a "sector outperform" rating in a report on Tuesday, July 15th. TD Cowen started coverage on ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 target price on the stock. Wells Fargo & Company decreased their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Raymond James Financial decreased their target price on ONEOK from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $103.53.

ONEOK Stock Performance

ONEOK stock traded up $0.46 during trading hours on Tuesday, hitting $80.84. The stock had a trading volume of 3,029,498 shares, compared to its average volume of 3,491,123. The company has a 50-day moving average of $81.97 and a two-hundred day moving average of $90.06. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company has a market cap of $50.89 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) 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 company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Friday, August 1st. ONEOK's payout ratio is 80.47%.

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.