FNY Investment Advisers LLC Has $2.21 Million Holdings in ONEOK, Inc. (NYSE:OKE)

FNY Investment Advisers LLC lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 14,279.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,000 shares of the utilities provider’s stock after buying an additional 21,847 shares during the period. ONEOK accounts for about 1.2% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 22nd biggest holding. FNY Investment Advisers LLC’s holdings in ONEOK were worth $2,208,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OKE. Kieckhefer Group LLC acquired a new stake in ONEOK in the fourth quarter worth $30,000. Matrix Trust Co bought a new position in shares of ONEOK during the 3rd quarter worth about $29,000. Quest Partners LLC acquired a new stake in shares of ONEOK in the 2nd quarter valued at about $28,000. Access Investment Management LLC bought a new stake in ONEOK in the 3rd quarter valued at about $37,000. Finally, Values First Advisors Inc. acquired a new position in ONEOK during the 3rd quarter worth approximately $44,000. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OKE shares. Scotiabank started coverage on ONEOK in a report on Friday. They set a “sector outperform” rating and a $109.00 price objective for the company. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Truist Financial upped their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Finally, UBS Group raised their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $101.54.

ONEOK Stock Performance

Shares of OKE stock opened at $103.92 on Tuesday. 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 $60.71 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 5.24 and a beta of 1.70. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The firm’s 50-day simple moving average is $105.80 and its two-hundred day simple moving average is $95.11.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. 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 company posted $0.99 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.81%. ONEOK’s dividend payout ratio is presently 82.85%.

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.