ONEOK, Inc. (NYSE:OKE) is Olistico Wealth LLC’s 9th Largest Position

Olistico Wealth LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,672 shares of the utilities provider’s stock after buying an additional 721 shares during the period. ONEOK makes up 2.4% of Olistico Wealth LLC’s holdings, making the stock its 9th biggest position. Olistico Wealth LLC’s holdings in ONEOK were worth $4,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Matrix Trust Co purchased a new position in shares of ONEOK during the 3rd quarter worth $29,000. Kieckhefer Group LLC purchased a new stake in ONEOK in the fourth quarter valued at $30,000. Access Investment Management LLC purchased a new stake in ONEOK in the 3rd quarter valued at about $37,000. Values First Advisors Inc. purchased a new position in ONEOK during the third quarter worth about $44,000. Finally, Fortitude Family Office LLC boosted its stake in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after buying an additional 135 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 3.2 %

Shares of NYSE:OKE opened at $106.28 on Thursday. The company has a market cap of $62.09 billion, a PE ratio of 22.23, a P/E/G ratio of 4.16 and a beta of 1.70. The company’s 50 day moving average is $106.21 and its two-hundred day moving average is $96.21. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.88%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 82.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OKE shares. Barclays upped their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial increased their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. Finally, Bank of America initiated coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.92.

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.