Versant Capital Management Inc Has $53,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Versant Capital Management Inc boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 98.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 525 shares of the utilities provider’s stock after buying an additional 260 shares during the quarter. Versant Capital Management Inc’s holdings in ONEOK were worth $53,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. HM Payson & Co. raised its holdings in ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock worth $161,000 after purchasing an additional 105 shares during the last quarter. Claro Advisors LLC lifted its holdings in ONEOK by 1.6% in the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock valued at $650,000 after buying an additional 115 shares during the period. Haverford Trust Co grew its holdings in ONEOK by 1.2% during the 3rd quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock worth $917,000 after acquiring an additional 117 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of ONEOK by 0.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock worth $1,111,000 after acquiring an additional 122 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of ONEOK by 1.1% during the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock valued at $935,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the topic of several recent analyst reports. Morgan Stanley raised ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $103.00 to $111.00 in a research note on Monday, September 16th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. Barclays upped their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America began coverage on ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

ONEOK Trading Up 1.1 %

NYSE:OKE opened at $102.90 on Monday. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The firm has a 50-day moving average price of $104.99 and a two-hundred day moving average price of $94.20. The firm has a market cap of $60.11 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 5.24 and a beta of 1.69. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last issued its quarterly 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). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.85%. ONEOK’s payout ratio is currently 82.85%.

ONEOK Company 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.