ONEOK, Inc. (NYSE:OKE) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,932 shares of the utilities provider’s stock after buying an additional 1,621 shares during the period. Signaturefd LLC’s holdings in ONEOK were worth $557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peoples Bank KS acquired a new stake in ONEOK during the 3rd quarter worth about $25,000. Beacon Capital Management LLC raised its holdings in ONEOK by 90.7% during the 4th quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock worth $29,000 after buying an additional 194 shares during the period. SOA Wealth Advisors LLC. raised its holdings in ONEOK by 283.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 510 shares of the utilities provider’s stock worth $36,000 after buying an additional 377 shares during the period. Loomis Sayles & Co. L P raised its holdings in ONEOK by 605.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock worth $35,000 after buying an additional 478 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC raised its holdings in ONEOK by 1,690.9% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 591 shares of the utilities provider’s stock worth $37,000 after buying an additional 558 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insiders Place Their Bets

In related news, Director Wayne Thomas Smith bought 2,700 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $75.25 per share, with a total value of $203,175.00. Following the completion of the transaction, the director now directly owns 2,700 shares of the company’s stock, valued at $203,175. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

ONEOK Trading Up 0.7 %

NYSE:OKE opened at $80.95 on Thursday. The company has a market capitalization of $47.25 billion, a P/E ratio of 14.59, a P/E/G ratio of 4.91 and a beta of 1.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.67 and a current ratio of 0.90. The stock’s 50 day moving average price is $77.39 and its 200 day moving average price is $71.47. ONEOK, Inc. has a 52 week low of $55.91 and a 52 week high of $81.12.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 26th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.03). The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.57 billion. ONEOK had a return on equity of 22.57% and a net margin of 15.04%. During the same period in the previous year, the company earned $1.08 EPS. On average, research analysts forecast that ONEOK, Inc. will post 4.99 EPS for the current fiscal year.

ONEOK announced that its board has authorized a stock repurchase plan on Wednesday, January 17th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the utilities provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.96 dividend on an annualized basis and a yield of 4.89%. ONEOK’s payout ratio is currently 71.35%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial boosted their price objective on ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Raymond James upped their target price on ONEOK from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Morgan Stanley upped their target price on ONEOK from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. Stifel Nicolaus upped their target price on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Seaport Res Ptn upgraded ONEOK from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.25.

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.