AlphaCrest Capital Management LLC boosted its stake in ONEOK, Inc. (NYSE:OKE – Get Rating) by 117.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,302 shares of the utilities provider’s stock after acquiring an additional 9,879 shares during the period. AlphaCrest Capital Management LLC’s holdings in ONEOK were worth $1,075,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in ONEOK by 99.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,087 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 1,543 shares during the period. Peregrine Asset Advisers Inc. increased its position in ONEOK by 26.3% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 124,537 shares of the utilities provider’s stock worth $7,318,000 after purchasing an additional 25,928 shares during the period. Tower Bridge Advisors increased its position in ONEOK by 2.9% during the 4th quarter. Tower Bridge Advisors now owns 76,294 shares of the utilities provider’s stock worth $4,483,000 after purchasing an additional 2,140 shares during the period. UMB Bank N A MO acquired a new position in ONEOK during the 4th quarter worth approximately $247,000. Finally, Sowell Financial Services LLC increased its position in ONEOK by 96.3% during the 4th quarter. Sowell Financial Services LLC now owns 19,810 shares of the utilities provider’s stock worth $1,164,000 after purchasing an additional 9,717 shares during the period. Hedge funds and other institutional investors own 65.46% of the company’s stock.
Several equities analysts have issued reports on OKE shares. Credit Suisse Group boosted their target price on ONEOK from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 15th. Bank of America lowered their price target on ONEOK from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Tuesday, January 18th. Barclays reduced their price objective on ONEOK from $66.00 to $65.00 in a report on Thursday, January 20th. Mizuho upped their target price on ONEOK from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, March 2nd. Finally, Truist Financial lifted their price target on ONEOK from $72.00 to $78.00 in a research note on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, ONEOK has an average rating of “Hold” and an average price target of $67.14.
NYSE:OKE opened at $64.65 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $28.87 billion, a PE ratio of 19.18, a P/E/G ratio of 1.93 and a beta of 1.75. The firm has a 50 day simple moving average of $68.02 and a 200-day simple moving average of $64.04. ONEOK, Inc. has a 1-year low of $48.51 and a 1-year high of $75.07.
ONEOK (NYSE:OKE – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). ONEOK had a net margin of 8.01% and a return on equity of 25.33%. During the same period last year, the company earned $0.86 earnings per share. As a group, sell-side analysts expect that ONEOK, Inc. will post 3.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be given a dividend of $0.935 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $3.74 annualized dividend and a yield of 5.78%. ONEOK’s dividend payout ratio (DPR) is presently 110.98%.
About ONEOK (Get Rating)
ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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