Crossmark Global Holdings Inc. Lowers Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Crossmark Global Holdings Inc. lowered its holdings in ONEOK, Inc. (NYSE:OKEFree Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,841 shares of the utilities provider’s stock after selling 820 shares during the period. Crossmark Global Holdings Inc.’s holdings in ONEOK were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in ONEOK by 10.3% during the third quarter. Vanguard Group Inc. now owns 59,237,038 shares of the utilities provider’s stock valued at $3,757,405,000 after acquiring an additional 5,525,010 shares during the period. Norges Bank purchased a new stake in ONEOK during the fourth quarter valued at about $297,948,000. Deutsche Bank AG grew its position in ONEOK by 37.7% during the third quarter. Deutsche Bank AG now owns 13,292,341 shares of the utilities provider’s stock valued at $843,133,000 after acquiring an additional 3,636,660 shares during the period. Blackstone Inc. grew its position in ONEOK by 3,478.3% during the third quarter. Blackstone Inc. now owns 3,578,316 shares of the utilities provider’s stock valued at $226,973,000 after acquiring an additional 3,478,316 shares during the period. Finally, Invesco Ltd. grew its position in ONEOK by 65.9% during the third quarter. Invesco Ltd. now owns 8,132,301 shares of the utilities provider’s stock valued at $515,832,000 after acquiring an additional 3,229,046 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 0.4 %

NYSE:OKE opened at $78.65 on Friday. The business’s 50-day simple moving average is $79.83 and its 200 day simple moving average is $74.53. ONEOK, Inc. has a one year low of $57.37 and a one year high of $83.31. The stock has a market cap of $45.90 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 4.23 and a beta of 1.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70.

ONEOK (NYSE:OKEGet Free Report) last released its earnings results on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter last year, the business posted $2.34 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 4.92 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Tuesday, April 30th. ONEOK’s dividend payout ratio is presently 92.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on ONEOK from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. Barclays upped their target price on ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. UBS Group upped their target price on ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. upped their target price on ONEOK from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Truist Financial upped their target price on ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus price target of $83.58.

Get Our Latest Stock Report on OKE

ONEOK Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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