Heck Capital Advisors LLC Acquires New Holdings in ONEOK, Inc. (NYSE:OKE)

Heck Capital Advisors LLC bought a new position in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, HoldingsChannel reports. The firm bought 12,804 shares of the utilities provider’s stock, valued at approximately $1,286,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in ONEOK during the 4th quarter worth $30,000. Matrix Trust Co bought a new stake in shares of ONEOK in the third quarter worth about $29,000. Access Investment Management LLC acquired a new stake in shares of ONEOK during the third quarter worth about $37,000. Values First Advisors Inc. acquired a new stake in shares of ONEOK during the third quarter worth about $44,000. Finally, Fortitude Family Office LLC grew its position in shares of ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares during the period. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group raised their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada upped their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Barclays upped their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Stock Down 2.9 %

NYSE:OKE opened at $96.95 on Friday. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The firm has a market capitalization of $56.64 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 3.81 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock’s 50 day moving average price is $104.92 and its two-hundred day moving average price is $96.97.

ONEOK (NYSE:OKE) last issued 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). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Equities research analysts expect that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.25%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. 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.