Bill Few Associates Inc. Increases Position in ONEOK, Inc. (NYSE:OKE)

Bill Few Associates Inc. boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,773 shares of the utilities provider’s stock after purchasing an additional 105 shares during the quarter. Bill Few Associates Inc.’s holdings in ONEOK were worth $278,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Matrix Trust Co bought a new position in shares of ONEOK in the 3rd quarter valued at about $29,000. Kieckhefer Group LLC bought a new position in shares of ONEOK during the fourth quarter valued at approximately $30,000. Access Investment Management LLC purchased a new stake in shares of ONEOK in the third quarter worth approximately $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK during the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC boosted its holdings in ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Price Performance

Shares of OKE opened at $106.28 on Thursday. The company’s fifty day moving average price is $106.17 and its 200-day moving average price is $96.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a market capitalization of $62.09 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 4.16 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (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 analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.88%. 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

Several analysts have recently weighed in on the company. Barclays lifted their target price on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research note on Wednesday, December 18th. Bank of America initiated coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.