ONEOK, Inc. (NYSE:OKE) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 137.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,278 shares of the utilities provider’s stock after buying an additional 8,834 shares during the quarter. Brighton Jones LLC’s holdings in ONEOK were worth $1,534,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Matrix Trust Co acquired a new position in ONEOK in the third quarter valued at $29,000. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $30,000. Access Investment Management LLC purchased a new position in ONEOK during the 3rd quarter worth approximately $37,000. Values First Advisors Inc. acquired a new position in ONEOK during the third quarter worth approximately $44,000. Finally, Fortitude Family Office LLC lifted its stake in ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 0.5 %

OKE stock 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 company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market cap of $61.00 billion, a P/E ratio of 21.84, a P/E/G ratio of 4.03 and a beta of 1.70. The company’s 50-day moving average price is $106.11 and its 200 day moving average price is $96.34.

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

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.95%. ONEOK’s payout ratio is currently 82.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OKE. Bank of America assumed coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Royal Bank of Canada boosted their price target on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.