Kapitalo Investimentos Ltda Takes $103,000 Position in ONEOK, Inc. (NYSE:OKE)

Kapitalo Investimentos Ltda bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,464 shares of the utilities provider’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its position in shares of ONEOK by 90.7% in the fourth quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 194 shares during the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of ONEOK in the 4th quarter valued at $32,000. Security National Bank purchased a new stake in shares of ONEOK during the 4th quarter valued at $35,000. SOA Wealth Advisors LLC. increased its holdings in shares of ONEOK by 283.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 510 shares of the utilities provider’s stock worth $36,000 after buying an additional 377 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of ONEOK by 108.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 591 shares of the utilities provider’s stock worth $42,000 after buying an additional 308 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 1.3 %

Shares of NYSE OKE opened at $80.06 on Thursday. The firm has a market cap of $46.73 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 4.29 and a beta of 1.65. ONEOK, Inc. has a 1 year low of $57.37 and a 1 year high of $83.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70. The stock’s 50-day simple moving average is $79.80 and its 200-day simple moving average is $75.19.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same period in the prior year, the company posted $2.34 EPS. As a group, equities analysts anticipate 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 given 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 payout ratio is 92.09%.

Analysts Set New Price Targets

A number of research firms have issued reports on OKE. Truist Financial boosted their price target on ONEOK from $71.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. UBS Group increased their target price on shares of ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Stifel Nicolaus lifted their price target on shares of ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on shares of ONEOK from $88.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley raised their target price on shares of ONEOK from $90.00 to $93.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, ONEOK has an average rating of “Hold” and a consensus target price of $84.25.

ONEOK 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.