Kathmere Capital Management LLC Buys 153 Shares of ONEOK, Inc. (NYSE:OKE)

Kathmere Capital Management LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,941 shares of the utilities provider’s stock after purchasing an additional 153 shares during the period. Kathmere Capital Management LLC’s holdings in ONEOK were worth $396,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service raised its stake in ONEOK by 1.6% during the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock worth $69,608,000 after buying an additional 12,349 shares during the period. Leavell Investment Management Inc. raised its position in shares of ONEOK by 3.8% during the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock worth $12,871,000 after purchasing an additional 5,175 shares during the period. Caxton Associates LP bought a new position in shares of ONEOK in the 2nd quarter worth $1,225,000. Point72 Europe London LLP acquired a new stake in ONEOK in the 2nd quarter valued at $15,008,000. Finally, Nations Financial Group Inc. IA ADV increased its stake in ONEOK by 11.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after purchasing an additional 5,451 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

OKE has been the topic of a number of recent research reports. Scotiabank began coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Truist Financial lifted their price target on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their target price on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. Finally, Bank of America started coverage on ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

ONEOK Stock Up 1.6 %

OKE opened at $108.59 on Friday. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The company’s 50-day moving average price is $106.04 and its two-hundred day moving average price is $95.36. The stock has a market cap of $63.43 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 4.35 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.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current year.

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.