ONEOK, Inc. (NYSE:OKE) Position Trimmed by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,116 shares of the utilities provider’s stock after selling 1,400 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in ONEOK were worth $714,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kieckhefer Group LLC bought a new stake in shares of ONEOK in the 4th quarter valued at approximately $30,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at approximately $37,000. Canton Hathaway LLC bought a new stake in shares of ONEOK in the 4th quarter valued at approximately $40,000. J.Safra Asset Management Corp bought a new stake in ONEOK during the fourth quarter worth approximately $48,000. Finally, Versant Capital Management Inc boosted its position in ONEOK by 98.1% during the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 260 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE stock opened at $91.95 on Thursday. The stock’s fifty day moving average is $100.45 and its 200-day moving average is $99.34. 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 stock has a market capitalization of $57.40 billion, a PE ratio of 19.24, a PEG ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a 52 week low of $76.23 and a 52 week high of $118.07.

ONEOK (NYSE:OKE) last posted 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 business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $1.03 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.48%. ONEOK’s dividend payout ratio is presently 79.69%.

Analysts Set New Price Targets

OKE has been the subject of a number of recent analyst reports. Truist Financial upped their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Barclays initiated coverage on ONEOK in a research report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price for the company. Citigroup initiated coverage on ONEOK in a report on Friday, February 28th. They set a “buy” rating and a $110.00 price target for the company. Finally, Scotiabank initiated 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.15.

ONEOK 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.