Premier Path Wealth Partners LLC Has $611,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Premier Path Wealth Partners LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,081 shares of the utilities provider’s stock after acquiring an additional 156 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in ONEOK were worth $611,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OKE. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of ONEOK by 19.2% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 8,248 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 1,331 shares in the last quarter. Howard Financial Services LTD. lifted its stake in ONEOK by 4.5% in the 4th quarter. Howard Financial Services LTD. now owns 13,324 shares of the utilities provider’s stock valued at $1,338,000 after acquiring an additional 577 shares in the last quarter. Verity & Verity LLC boosted its position in ONEOK by 5.8% during the 4th quarter. Verity & Verity LLC now owns 276,402 shares of the utilities provider’s stock worth $27,751,000 after acquiring an additional 15,167 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of ONEOK by 8.6% during the 4th quarter. Arkadios Wealth Advisors now owns 3,599 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 284 shares in the last quarter. Finally, Spring Capital Management LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $502,000. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OKE shares. Truist Financial raised their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Bank of America initiated coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. UBS Group increased their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays upped their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Scotiabank initiated coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

ONEOK Stock Up 0.4 %

Shares of OKE opened at $109.08 on Friday. The firm has a market cap of $63.72 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. 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 $106.17 and its 200 day simple moving average is $95.65.

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

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.