182,187 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd acquired a new position in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 182,187 shares of the utilities provider’s stock, valued at approximately $18,292,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new position in ONEOK in the fourth quarter worth approximately $30,000. Access Investment Management LLC bought a new position in ONEOK in the third quarter worth approximately $37,000. Values First Advisors Inc. bought a new position in ONEOK in the third quarter worth approximately $44,000. Fortitude Family Office LLC grew its stake in ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in ONEOK by 98.1% during 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. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OKE. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a report on Wednesday, December 18th. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Monday, February 10th. Finally, Truist Financial upped their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Stock Performance

Shares of OKE stock opened at $97.96 on Friday. The firm has a market capitalization of $57.23 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The business has a fifty day moving average of $102.01 and a 200 day moving average of $97.94. ONEOK, Inc. has a 1 year low of $69.01 and a 1 year high of $118.07.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $1.03 dividend. This is a positive change 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 yield of 4.21%. ONEOK’s dividend payout ratio (DPR) is 86.19%.

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.