Bensler LLC Purchases 144 Shares of ONEOK, Inc. (NYSE:OKE)

Bensler LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 3.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,914 shares of the utilities provider’s stock after acquiring an additional 144 shares during the quarter. Bensler LLC’s holdings in ONEOK were worth $493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Matrix Trust Co bought a new position in shares of ONEOK during the 3rd quarter worth $29,000. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter worth $30,000. Access Investment Management LLC bought a new stake in ONEOK during the third quarter valued at about $37,000. Values First Advisors Inc. bought a new stake in ONEOK during the third quarter valued at about $44,000. Finally, Fortitude Family Office LLC boosted its position in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a research report on Wednesday, December 18th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Trading Down 4.1 %

Shares of NYSE:OKE opened at $100.28 on Tuesday. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07. The stock has a market cap of $58.58 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 4.03 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average price of $106.00 and a 200-day moving average price of $96.70.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. Equities analysts predict that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.11%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

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.