2,141 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,141 shares of the utilities provider’s stock, valued at approximately $215,000.

Other large investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of ONEOK in the 4th quarter worth about $115,000. Royal London Asset Management Ltd. increased its stake in shares of ONEOK by 7.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 324,806 shares of the utilities provider’s stock valued at $32,611,000 after purchasing an additional 23,009 shares during the period. Generali Investments Management Co LLC bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $485,000. GM Advisory Group LLC acquired a new position in shares of ONEOK during the fourth quarter worth approximately $210,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in ONEOK by 118.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 6,053 shares of the utilities provider’s stock worth $608,000 after buying an additional 3,281 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company reduced their price objective on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Monday, February 10th. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

ONEOK Stock Up 0.7 %

Shares of ONEOK stock opened at $100.75 on Friday. ONEOK, Inc. has a 12-month low of $76.23 and a 12-month high of $118.07. The firm has a market capitalization of $62.90 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.77 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 fifty day moving average is $98.99 and its 200-day moving average is $99.75.

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 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 firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. Equities analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current 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 paid a $1.03 dividend. 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. This represents a $4.12 dividend on an annualized basis and a yield of 4.09%. ONEOK’s dividend payout ratio (DPR) is currently 79.69%.

About ONEOK

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.