Tudor Investment Corp Et Al acquired a new position in ONEOK, Inc. (NYSE:OKE – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,756 shares of the utilities provider’s stock, valued at approximately $449,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of OKE. Acadian Asset Management LLC grew its stake in ONEOK by 275.5% in the first quarter. Acadian Asset Management LLC now owns 2,850 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 2,091 shares in the last quarter. Raymond James Trust N.A. grew its stake in ONEOK by 6.6% in the first quarter. Raymond James Trust N.A. now owns 5,339 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 331 shares in the last quarter. Sei Investments Co. grew its stake in ONEOK by 500.5% in the first quarter. Sei Investments Co. now owns 167,226 shares of the utilities provider’s stock worth $11,812,000 after purchasing an additional 139,379 shares in the last quarter. Aviva PLC grew its stake in ONEOK by 20.7% in the first quarter. Aviva PLC now owns 161,711 shares of the utilities provider’s stock worth $11,422,000 after purchasing an additional 27,697 shares in the last quarter. Finally, Prudential PLC bought a new position in ONEOK in the first quarter worth approximately $614,000. Institutional investors own 67.16% of the company’s stock.
ONEOK Price Performance
NYSE OKE opened at $67.52 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.83 and a quick ratio of 0.64. The stock’s fifty day moving average price is $68.03 and its 200 day moving average price is $63.42. ONEOK, Inc. has a 1 year low of $50.50 and a 1 year high of $75.07. The company has a market cap of $30.20 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.66 and a beta of 1.68.
ONEOK Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Monday, January 30th were given a dividend of $0.955 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.94. This represents a $3.82 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Friday, January 27th. ONEOK’s dividend payout ratio (DPR) is currently 99.74%.
Analysts Set New Price Targets
OKE has been the subject of a number of analyst reports. Barclays upped their target price on ONEOK from $59.00 to $71.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 18th. Raymond James upped their target price on ONEOK from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. Truist Financial upped their target price on ONEOK from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Morgan Stanley upped their target price on ONEOK from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Monday, January 9th. Finally, JPMorgan Chase & Co. upgraded ONEOK from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $71.00 to $75.00 in a report on Tuesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $72.00.
ONEOK, Inc engages in gathering, processing, fractionating, transporting, storing and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma.
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