ONEOK, Inc. (NYSE:OKE) Position Increased by Marcum Wealth LLC

Marcum Wealth LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,142 shares of the utilities provider’s stock after buying an additional 195 shares during the period. Marcum Wealth LLC’s holdings in ONEOK were worth $1,018,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of OKE. HM Payson & Co. increased its holdings in shares of ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock worth $161,000 after purchasing an additional 105 shares during the period. Claro Advisors LLC grew its position in ONEOK by 1.6% during the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock worth $650,000 after buying an additional 115 shares in the last quarter. Haverford Trust Co increased its stake in ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 117 shares during the period. Brighton Jones LLC raised its holdings in ONEOK by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock valued at $935,000 after acquiring an additional 122 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of ONEOK by 1.4% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock worth $839,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 2.1 %

Shares of OKE opened at $103.92 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company has a market cap of $60.71 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 5.24 and a beta of 1.70. The stock has a fifty day moving average price of $105.80 and a two-hundred day moving average price of $95.11. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07.

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

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio is currently 82.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Scotiabank assumed coverage on shares of ONEOK in a report on Friday. They issued a “sector outperform” rating and a $109.00 price target on the stock. Barclays raised their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research note on Wednesday, December 18th. Finally, US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

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.