Shilanski & Associates Inc. Has $1.55 Million Stake in ONEOK, Inc. (NYSE:OKE)

Shilanski & Associates Inc. grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,439 shares of the utilities provider’s stock after purchasing an additional 2,333 shares during the period. Shilanski & Associates Inc.’s holdings in ONEOK were worth $1,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Astoria Portfolio Advisors LLC. increased its holdings in shares of ONEOK by 4.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock worth $260,000 after buying an additional 96 shares during the last quarter. Mutual Advisors LLC boosted its holdings in ONEOK by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock valued at $965,000 after acquiring an additional 103 shares during the period. Morton Capital Management LLC CA lifted its holdings in ONEOK by 1.4% during the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock valued at $734,000 after buying an additional 104 shares in the last quarter. HM Payson & Co. raised its stake in shares of ONEOK by 6.3% during the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 105 shares in the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in shares of ONEOK by 3.9% in the fourth quarter. Bill Few Associates Inc. now owns 2,773 shares of the utilities provider’s stock valued at $278,000 after purchasing an additional 105 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Scotiabank started coverage on shares of ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their price objective on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Trading Down 1.3 %

ONEOK stock opened at $104.91 on Friday. 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 cap of $61.29 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. The stock has a 50-day moving average of $106.17 and a two-hundred day moving average of $96.28. ONEOK, Inc. has a one year low of $67.05 and a one year high of $118.07.

ONEOK (NYSE:OKE) last announced 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). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the previous year, the business earned $0.99 earnings per share. On average, research analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.93%. ONEOK’s payout ratio is 82.85%.

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.