TD Private Client Wealth LLC Buys 4,077 Shares of ONEOK, Inc. (NYSE:OKE)

TD Private Client Wealth LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 310.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,390 shares of the utilities provider's stock after acquiring an additional 4,077 shares during the quarter. TD Private Client Wealth LLC's holdings in ONEOK were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OKE. Mindset Wealth Management LLC boosted its stake in shares of ONEOK by 0.7% in the 4th quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock valued at $1,618,000 after purchasing an additional 106 shares during the last quarter. Marcum Wealth LLC boosted its stake in shares of ONEOK by 1.1% in the 1st 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. 1620 Investment Advisors Inc. boosted its stake in shares of ONEOK by 1.9% in the 4th quarter. 1620 Investment Advisors Inc. now owns 5,880 shares of the utilities provider's stock valued at $590,000 after purchasing an additional 112 shares during the last quarter. West Paces Advisors Inc. boosted its stake in shares of 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 purchasing an additional 114 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC boosted 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 purchasing an additional 130 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OKE. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. increased their price target on shares of ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Morgan Stanley increased their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Scotiabank cut their price target on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 5th. Finally, TD Cowen started coverage on shares of ONEOK in a research report on Monday. They issued a "hold" rating and a $91.00 price target on the stock. Seven research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $103.14.

ONEOK Stock Performance

Shares of OKE stock opened at $81.13 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. The company has a market capitalization of $51.07 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.60 and a beta of 0.93. The company's 50 day moving average price is $81.97 and its two-hundred day moving average price is $91.18. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 15.58% and a net margin of 12.15%. During the same quarter last year, the business posted $1.09 earnings per share. On average, analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 5.08%. ONEOK's dividend payout ratio is currently 80.47%.

About ONEOK

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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