ST Germain D J Co. Inc. Raises Holdings in ONEOK, Inc. (NYSE:OKE)

ST Germain D J Co. Inc. grew its position in ONEOK, Inc. (NYSE:OKE) by 36.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,899 shares of the utilities provider’s stock after purchasing an additional 1,033 shares during the quarter. ST Germain D J Co. Inc.’s holdings in ONEOK were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Matrix Trust Co acquired a new stake in shares of ONEOK during the third quarter worth $29,000. Quest Partners LLC acquired a new position in shares of ONEOK in the second quarter worth about $28,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the third quarter worth about $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK in the third quarter worth about $44,000. Finally, Fortitude Family Office LLC raised its position in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Price Performance

ONEOK stock opened at $101.84 on Friday. The stock has a market cap of $59.49 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The company has a fifty day simple moving average of $105.63 and a 200-day simple moving average of $94.75. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

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

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.89%. ONEOK’s dividend payout ratio is presently 82.85%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research reports. Truist Financial boosted their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $103.00 to $111.00 in a research report on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

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.