Altiora Financial Group LLC Purchases Shares of 2,000 ONEOK, Inc. (NYSE:OKE)

Altiora Financial Group LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,000 shares of the utilities provider’s stock, valued at approximately $201,000.

Other institutional investors also recently modified their holdings of the company. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $30,000. Canton Hathaway LLC bought a new position in ONEOK during the fourth quarter worth $40,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the third quarter valued at $37,000. J.Safra Asset Management Corp bought a new position in shares of ONEOK in the fourth quarter valued at about $48,000. Finally, OFI Invest Asset Management acquired a new stake in shares of ONEOK during the 4th quarter worth about $51,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

Shares of NYSE:OKE opened at $89.59 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $55.93 billion, a PE ratio of 18.74, a PEG ratio of 3.77 and a beta of 1.70. The firm has a 50 day moving average of $100.00 and a 200-day moving average of $99.46. ONEOK, Inc. has a 12 month low of $76.23 and a 12 month high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. On average, equities research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued 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 4.60%. ONEOK’s dividend payout ratio is 79.69%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research analyst reports. Scotiabank lowered their price target on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a report on Thursday. Truist Financial increased 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. UBS Group boosted their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Citigroup started coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Barclays dropped their target price on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.31.

About ONEOK

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.