Advisor OS LLC Purchases 161 Shares of ONEOK, Inc. (NYSE:OKE)

Advisor OS LLC grew its position in ONEOK, Inc. (NYSE:OKE) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,092 shares of the utilities provider’s stock after buying an additional 161 shares during the period. Advisor OS LLC’s holdings in ONEOK were worth $1,415,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Arkadios Wealth Advisors increased its holdings in shares of ONEOK by 18.8% in the third quarter. Arkadios Wealth Advisors now owns 3,315 shares of the utilities provider’s stock worth $302,000 after acquiring an additional 525 shares in the last quarter. State of Alaska Department of Revenue increased its stake in ONEOK by 6.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,866 shares of the utilities provider’s stock worth $6,184,000 after purchasing an additional 4,380 shares in the last quarter. First Financial Bankshares Inc bought a new stake in ONEOK during the 3rd quarter worth approximately $200,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in ONEOK by 3.2% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,974 shares of the utilities provider’s stock worth $544,000 after buying an additional 186 shares during the period. Finally, abrdn plc lifted its stake in ONEOK by 14.8% in the third quarter. abrdn plc now owns 2,149,676 shares of the utilities provider’s stock valued at $195,545,000 after buying an additional 277,514 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays assumed coverage on ONEOK in a report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 price objective for the company. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Truist Financial increased their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.92.

ONEOK Stock Down 2.5 %

Shares of NYSE:OKE opened at $95.66 on Wednesday. ONEOK, Inc. has a 1 year low of $72.44 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The business’s 50-day moving average is $100.97 and its 200-day moving average is $99.04. The company has a market capitalization of $55.88 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.11. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.31%. ONEOK’s dividend payout ratio is currently 86.19%.

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.