Janney Montgomery Scott LLC Boosts Holdings in ONEOK, Inc. (NYSE:OKE)

Janney Montgomery Scott LLC increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 190,362 shares of the utilities provider’s stock after buying an additional 2,666 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ONEOK were worth $19,112,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OKE. Astoria Portfolio Advisors LLC. raised its stake in shares of ONEOK by 4.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 96 shares during the period. Morton Capital Management LLC CA increased its holdings in ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock valued at $734,000 after purchasing an additional 104 shares during the last quarter. HM Payson & Co. lifted its stake in ONEOK by 6.3% during the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock worth $161,000 after purchasing an additional 105 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of ONEOK by 4.7% during the fourth quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider’s stock worth $237,000 after buying an additional 106 shares during the period. Finally, Daymark Wealth Partners LLC grew its stake in shares of ONEOK by 2.1% in the fourth quarter. Daymark Wealth Partners LLC now owns 5,646 shares of the utilities provider’s stock valued at $567,000 after buying an additional 114 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OKE shares. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Truist Financial lifted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. UBS Group increased their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank began coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Finally, Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Down 0.5 %

Shares of ONEOK stock opened at $104.42 on Friday. The company has a fifty day simple moving average of $106.00 and a 200-day simple moving average of $96.50. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month 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 stock has a market cap of $61.00 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.03 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 analysts’ consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion for 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 last year, the firm posted $0.99 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. The ex-dividend date is Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.95%. ONEOK’s dividend payout ratio (DPR) is 82.85%.

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.