ONEOK, Inc. (NYSE:OKE) Holdings Raised by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its stake in ONEOK, Inc. (NYSE:OKE) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,778 shares of the utilities provider’s stock after purchasing an additional 267 shares during the quarter. New York Life Investment Management LLC’s holdings in ONEOK were worth $8,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OKE. Kieckhefer Group LLC acquired a new position in ONEOK in the 4th quarter worth approximately $30,000. Access Investment Management LLC purchased a new position in ONEOK in the third quarter valued at about $37,000. Canton Hathaway LLC acquired a new position in ONEOK in the fourth quarter worth approximately $40,000. Versant Capital Management Inc increased its stake in shares of ONEOK by 98.1% during the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 260 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in ONEOK during the third quarter valued at about $57,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.9 %

NYSE OKE opened at $96.62 on Friday. The business has a 50 day moving average price of $100.91 and a 200-day moving average price of $99.00. ONEOK, Inc. has a 52 week low of $73.89 and a 52 week 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 company has a market cap of $56.44 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.26%. This is a boost 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 86.19%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of research analyst reports. Barclays started coverage on shares of ONEOK in a research report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price for the company. Truist Financial raised their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.54.

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.