Trust Co. of Vermont Has $40,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Trust Co. of Vermont lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 77.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 572 shares of the utilities provider’s stock after selling 1,923 shares during the quarter. Trust Co. of Vermont’s holdings in ONEOK were worth $40,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hilltop Holdings Inc. increased its position in ONEOK by 7.3% during the fourth quarter. Hilltop Holdings Inc. now owns 16,525 shares of the utilities provider’s stock worth $1,160,000 after buying an additional 1,124 shares during the last quarter. Fifth Third Bancorp grew its position in shares of ONEOK by 16.2% in the fourth quarter. Fifth Third Bancorp now owns 21,800 shares of the utilities provider’s stock valued at $1,531,000 after purchasing an additional 3,032 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of ONEOK by 26.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 24,568 shares of the utilities provider’s stock valued at $1,725,000 after purchasing an additional 5,167 shares during the last quarter. ELCO Management Co. LLC grew its position in shares of ONEOK by 102.3% in the third quarter. ELCO Management Co. LLC now owns 26,432 shares of the utilities provider’s stock valued at $1,677,000 after purchasing an additional 13,367 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of ONEOK by 31.6% in the fourth quarter. Federated Hermes Inc. now owns 160,596 shares of the utilities provider’s stock valued at $11,277,000 after purchasing an additional 38,560 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OKE. Wells Fargo & Company upped their target price on ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial upped their target price on ONEOK from $71.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Stifel Nicolaus boosted their price target on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price target on ONEOK from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Mizuho boosted their price target on ONEOK from $75.00 to $81.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average target price of $84.25.

ONEOK Stock Up 1.3 %

NYSE OKE opened at $80.06 on Wednesday. The business has a fifty day moving average price of $79.78 and a two-hundred day moving average price of $75.16. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. ONEOK, Inc. has a fifty-two week low of $57.37 and a fifty-two week high of $83.31. The stock has a market capitalization of $46.73 billion, a PE ratio of 18.62, a PEG ratio of 4.24 and a beta of 1.65.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. During the same period in the prior year, the business earned $2.34 earnings per share. Equities analysts expect that ONEOK, Inc. will post 4.94 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.95%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.

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.