500 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500 shares of the utilities provider’s stock, valued at approximately $50,000.

A number of other large investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC increased its holdings in ONEOK by 5.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,365 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 455 shares during the last quarter. Empowered Funds LLC increased its stake in shares of ONEOK by 8.8% in the third quarter. Empowered Funds LLC now owns 9,884 shares of the utilities provider’s stock worth $901,000 after purchasing an additional 797 shares in the last quarter. Caprock Group LLC raised its position in shares of ONEOK by 267.5% in the third quarter. Caprock Group LLC now owns 35,101 shares of the utilities provider’s stock valued at $3,199,000 after purchasing an additional 25,549 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of ONEOK by 222.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 16,181 shares of the utilities provider’s stock valued at $1,475,000 after buying an additional 11,160 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in shares of ONEOK by 8.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 53,951 shares of the utilities provider’s stock valued at $4,916,000 after buying an additional 4,408 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on OKE. Scotiabank lowered their target price on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. Citigroup started coverage on ONEOK in a research note on Friday, February 28th. They set a “buy” rating and a $110.00 price objective on the stock. Truist Financial raised their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Finally, US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.31.

ONEOK Stock Performance

ONEOK stock opened at $100.12 on Thursday. ONEOK, Inc. has a fifty-two week low of $76.23 and a fifty-two week high of $118.07. The firm’s fifty day moving average price is $99.03 and its 200-day moving average price is $99.75. The stock has a market cap of $62.51 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

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, topping the consensus estimate of $1.46 by $0.11. The firm had revenue of $7 billion during 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%. On average, equities research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.11%. ONEOK’s dividend payout ratio (DPR) is 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.