Cyndeo Wealth Partners LLC Has $8.68 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Cyndeo Wealth Partners LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,444 shares of the utilities provider’s stock after buying an additional 1,194 shares during the period. Cyndeo Wealth Partners LLC’s holdings in ONEOK were worth $8,679,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. National Pension Service raised its position in shares of ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock worth $69,608,000 after acquiring an additional 12,349 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in ONEOK by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock worth $12,871,000 after purchasing an additional 5,175 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock worth $4,972,000 after purchasing an additional 5,451 shares during the period. Sageworth Trust Co bought a new stake in shares of ONEOK in the 3rd quarter valued at $568,000. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of ONEOK by 222.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 16,181 shares of the utilities provider’s stock worth $1,475,000 after buying an additional 11,160 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OKE. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a report on Wednesday, December 18th. Barclays boosted their price objective on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. 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, Scotiabank started coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Down 0.5 %

NYSE:OKE opened at $104.42 on Friday. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The firm has a 50-day moving average price of $106.00 and a two-hundred day moving average price of $96.50. The firm has a market cap of $61.00 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 82.85%.

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.