Aull & Monroe Investment Management Corp Has $714,000 Position in ONEOK, Inc. (NYSE:OKE)

Aull & Monroe Investment Management Corp lowered its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 16.4% during the fourth quarter, HoldingsChannel reports. The firm owned 7,116 shares of the utilities provider’s stock after selling 1,400 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in ONEOK were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OKE. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the fourth quarter worth about $30,000. Access Investment Management LLC acquired a new stake in ONEOK in the 3rd quarter valued at approximately $37,000. Canton Hathaway LLC acquired a new stake in ONEOK in the 4th quarter valued at approximately $40,000. J.Safra Asset Management Corp acquired a new stake in ONEOK in the 4th quarter valued at approximately $48,000. Finally, Versant Capital Management Inc grew its stake in ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 2.0 %

Shares of OKE stock opened at $91.95 on Thursday. The firm has a market capitalization of $57.40 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07. 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 fifty day simple moving average is $100.45 and its 200 day simple moving average is $99.34.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. As a group, sell-side 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. Shareholders of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is 79.69%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of analyst reports. Citigroup initiated coverage on ONEOK in a research note on Friday, February 28th. They issued a “buy” rating and a $110.00 price target for the company. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Finally, Scotiabank began coverage on ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.15.

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.