Mosaic Financial Group LLC Has $891,000 Stock Position in ONEOK, Inc. (NYSE:OKE)

Mosaic Financial Group LLC lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,874 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Mosaic Financial Group LLC’s holdings in ONEOK were worth $891,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts recently issued reports on OKE shares. Truist Financial increased their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $105.00.

ONEOK Trading Up 0.8 %

Shares of NYSE:OKE opened at $99.28 on Tuesday. ONEOK, Inc. has a 52-week low of $76.23 and a 52-week high of $118.07. 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 company has a market cap of $61.98 billion, a P/E ratio of 20.77, a P/E/G ratio of 3.77 and a beta of 1.70. The stock’s 50-day moving average is $98.12 and its 200-day moving average is $100.30.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. Equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current 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 annualized dividend and a yield of 4.15%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 79.69%.

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.