FNY Investment Advisers LLC Acquires 21,847 Shares of ONEOK, Inc. (NYSE:OKE)

FNY Investment Advisers LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 14,279.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,000 shares of the utilities provider’s stock after purchasing an additional 21,847 shares during the period. ONEOK makes up about 1.2% of FNY Investment Advisers LLC’s portfolio, making the stock its 22nd largest holding. FNY Investment Advisers LLC’s holdings in ONEOK were worth $2,208,000 as of its most recent SEC filing.

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

ONEOK Stock Up 2.1 %

Shares of NYSE:OKE opened at $103.92 on Tuesday. The business has a fifty day simple moving average of $105.80 and a 200 day simple moving average of $95.11. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The firm has a market cap of $60.71 billion, a P/E ratio of 21.74, a P/E/G ratio of 5.24 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 analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates 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 earnings per share for the current year.

ONEOK Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OKE shares. Scotiabank started coverage on shares of ONEOK in a research note on Friday. They set a “sector outperform” rating and a $109.00 price objective on the stock. Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. UBS Group lifted 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. Finally, Truist Financial upped their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $101.54.

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.