ONEOK, Inc. (NYSE:OKE) Stock Holdings Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,355 shares of the utilities provider’s stock after buying an additional 11,506 shares during the period. O Shaughnessy Asset Management LLC’s holdings in ONEOK were worth $7,164,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new position in shares of ONEOK in the 4th quarter worth $30,000. Canton Hathaway LLC acquired a new stake in ONEOK during the 4th quarter worth about $40,000. J.Safra Asset Management Corp acquired a new stake in ONEOK during the 4th quarter worth about $48,000. VSM Wealth Advisory LLC purchased a new stake in ONEOK during the fourth quarter valued at about $50,000. Finally, OFI Invest Asset Management acquired a new position in shares of ONEOK in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE opened at $99.37 on Wednesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a market cap of $62.04 billion, a PE ratio of 20.79, a PEG ratio of 3.77 and a beta of 1.70. The firm’s 50 day moving average price is $97.91 and its 200 day moving average price is $100.36. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, research analysts expect 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. Stockholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 79.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Truist Financial raised their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Morgan Stanley raised their price objective on ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Finally, Scotiabank dropped their target price on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

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.