2,228 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by First American Trust FSB

First American Trust FSB bought a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,228 shares of the utilities provider’s stock, valued at approximately $224,000.

Several other hedge funds also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new stake in shares of ONEOK in the 4th quarter valued at $30,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK during the fourth quarter worth about $40,000. J.Safra Asset Management Corp bought a new position in shares of ONEOK during the 4th quarter valued at about $48,000. VSM Wealth Advisory LLC acquired a new position in shares of ONEOK in the 4th quarter valued at approximately $50,000. Finally, OFI Invest Asset Management bought a new stake in ONEOK during the 4th quarter worth approximately $51,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.1 %

OKE stock opened at $102.42 on Wednesday. The stock has a market cap of $63.94 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a fifty day moving average price of $98.84 and a two-hundred day moving average price of $100.07. ONEOK, Inc. has a one year low of $76.23 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. Equities analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is presently 79.69%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OKE. Truist Financial upped their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Barclays lowered their target price on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Citigroup initiated coverage on ONEOK in a research note on Friday, February 28th. They issued a “buy” rating and a $110.00 price target on the stock. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company decreased their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.00.

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.