Heck Capital Advisors LLC Takes Position in ONEOK, Inc. (NYSE:OKE)

Heck Capital Advisors LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 12,804 shares of the utilities provider’s stock, valued at approximately $1,286,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co acquired a new stake in ONEOK during the third quarter valued at approximately $29,000. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $30,000. Access Investment Management LLC acquired a new stake in ONEOK in the 3rd quarter valued at $37,000. Values First Advisors Inc. bought a new stake in ONEOK in the third quarter valued at $44,000. Finally, Fortitude Family Office LLC raised its stake in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $96.95 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The stock has a market capitalization of $56.64 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.81 and a beta of 1.70. The business has a 50-day moving average price of $104.92 and a two-hundred day moving average price of $96.97.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share 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 business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the firm earned $0.99 earnings per share. Equities analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.25%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 82.85%.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent analyst reports. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research report on Wednesday, December 18th. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Scotiabank started 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $102.92.

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.