3,701 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Crews Bank & Trust

Crews Bank & Trust bought a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,701 shares of the utilities provider’s stock, valued at approximately $372,000.

Several other large investors have also bought and sold shares of OKE. AQR Capital Management LLC grew its holdings in ONEOK by 0.4% during the 2nd quarter. AQR Capital Management LLC now owns 93,486 shares of the utilities provider’s stock worth $7,566,000 after acquiring an additional 383 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in ONEOK by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,788 shares of the utilities provider’s stock worth $3,652,000 after acquiring an additional 1,119 shares during the period. Truist Financial Corp grew its holdings in ONEOK by 56.4% during the 2nd quarter. Truist Financial Corp now owns 608,505 shares of the utilities provider’s stock worth $49,624,000 after acquiring an additional 219,473 shares during the period. Advisory Alpha LLC grew its holdings in ONEOK by 10.0% during the 2nd quarter. Advisory Alpha LLC now owns 3,993 shares of the utilities provider’s stock worth $326,000 after acquiring an additional 364 shares during the period. Finally, Dana Investment Advisors Inc. grew its stake in shares of ONEOK by 3.8% in the 2nd quarter. Dana Investment Advisors Inc. now owns 3,868 shares of the utilities provider’s stock valued at $315,000 after buying an additional 143 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

ONEOK stock opened at $99.91 on Friday. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The company’s 50 day moving average price is $105.25 and its two-hundred day moving average price is $96.95. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a market cap of $58.36 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.81 and a beta of 1.70.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the business earned $0.99 EPS. On average, equities analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current year.

ONEOK Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OKE. Scotiabank began coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America began coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price for the company. Truist Financial raised their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada raised their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.92.

About ONEOK

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.