Alpine Woods Capital Investors LLC Has $4.54 Million Position in ONEOK, Inc. (NYSE:OKE)

Alpine Woods Capital Investors LLC increased its position in ONEOK, Inc. (NYSE:OKE) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,260 shares of the utilities provider’s stock after buying an additional 5,987 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in ONEOK were worth $4,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. FNY Investment Advisers LLC boosted its holdings in ONEOK by 14,279.1% in the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider’s stock valued at $2,208,000 after acquiring an additional 21,847 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in ONEOK by 57.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider’s stock valued at $1,456,000 after acquiring an additional 5,321 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in ONEOK by 222.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 16,181 shares of the utilities provider’s stock valued at $1,475,000 after acquiring an additional 11,160 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in ONEOK by 130.3% in the third quarter. Mizuho Securities USA LLC now owns 103,648 shares of the utilities provider’s stock valued at $9,445,000 after acquiring an additional 58,649 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in ONEOK in the fourth quarter valued at approximately $251,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OKE shares. Barclays cut their price target on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Scotiabank cut their price target on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut their price target on ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Finally, Truist Financial increased their price target 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ONEOK has an average rating of “Moderate Buy” and an average price target of $103.31.

ONEOK Trading Up 0.5 %

NYSE OKE opened at $93.40 on Friday. The firm has a market capitalization of $58.31 billion, a P/E ratio of 19.54, a PEG ratio of 3.77 and a beta of 1.70. The business has a fifty day simple moving average of $99.34 and a 200 day simple moving average of $99.43. ONEOK, Inc. has a 12 month low of $76.23 and a 12 month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s dividend payout ratio is presently 79.69%.

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.