Ibex Wealth Advisors increased its holding of ONEOK, Inc. (NYSE:OKE – Get Rating) by 4.0% in the fourth quarter, according to the company’s latest 13F filings with the U.S. Securities and Exchange Commission. The company owned his 188,306 shares of utility provider stock after purchasing an additional 7,269 of his shares during the quarter. ONEOK makes up his 2.8% of his Ibex Wealth Advisors investment portfolio, making it the third largest position. Ibex Wealth Advisors’ ONEOK holding was valued at $12,372,000 as of the latest SEC filing.
Several other hedge funds have also increased or decreased their stakes in the business. First Command Bank increased its stake in ONEOK by 401.0% in the second quarter. After purchasing an additional 393 shares during this period, First Command Bank owns 491 shares of the utility company worth $27,000. MinichMacGregor Wealth Management LLC purchased new shares in ONEOK for $29,000 in the fourth quarter. Worth Asset Management LLC purchased approximately $30,000 worth of his ONEOK shares in the first quarter. CI Investments Inc. raised his ONEOK stake by 1,003.7% in the third quarter. CI Investments Inc. now owns 596 shares of the utility company worth $31,000 after acquiring an additional 542 shares during the previous quarter. Finally, RFP Financial Group LLC purchased new shares in ONEOK worth approximately $39,000 in the fourth quarter. 67.16% of the shares are owned by institutional investors.
ONEOK stock price increase 1.0%
NYSE:OKE opened at $66.99 on Tuesday. The company has a 50-day simple moving average of $65.21 and a 200-day simple moving average of $64.44. The company has a market cap of $29.97 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.66 and a beta of 1.68. ONEOK, Inc. has a 52-week low of $50.50 and a 52-week high of $71.57. The company has an equity ratio of 1.96, a quick ratio of 0.64 and a current ratio of 0.83.
ONEOK (NYSE: OKE – Get Rating) last announced quarterly earnings data on Monday, February 27. The utility posted earnings per share (EPS) of $1.08 for the quarter, beating consensus expectations of $1.02 by $0.06. The business generated $5.03 billion in revenue for the quarter, compared to analyst expectations of $6.03 billion. ONEOK’s return on equity was 27.65% and net profit margin was 7.69%. The company’s quarterly revenue fell 7.2% year-over-year. During the same period last year, the company posted EPS of $0.85 for him. Analysts expect ONEOK, Inc. to have earnings per share of 5.26 for the current financial year.
ONEOK Announces Dividend
The company recently announced a quarterly dividend payable on Monday, May 15th. Dividends of $0.955 will be issued to investors of record on Monday, May 1. The ex-dividend date is Friday, April 28. This represents his $3.82 dividend and his 5.70% yield on an annualized basis. ONEOK has a payout percentage of 99.74%.
Wall Street analyst opinion
Many research analysts have commented on the company. Barclays lowered its price target for ONEOK from $71.00 to $70.00 in a research report on Tuesday, April 18. Scotiabank began covering his ONEOK shares in its Thursday, March 2 report. They issued a “sector perform” rating and a price target of $74.00. Seaport Res Ptn reissued a ‘Neutral’ rating for ONEOK shares in a research report on Thursday 16 February. Mizuho raised his price target on ONEOK stock from $66.00 to $70.00, giving it a “neutral” rating in a research report on Thursday, March 2. Finally, StockNews.com began coverage of ONEOK’s stock in his Thursday, March 16 research report. They put a “Hold” rating on the stock. Six investment analysts rated the stock with a hold rating and seven gave the company a buy rating. Based on MarketBeat.com data, ONEOK has a consensus rating of “moderate buy” and a consensus target price of $75.00.
ONEOK, Inc is engaged in the collection, processing, sorting, transportation, storage and marketing of natural gas. It operates through the Natural Gas Collection and Processing, Natural Gas Liquids and Natural Gas Pipeline segments. The Natural Gas Collection and Processing segment provides midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma.
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