Fidelis Capital Partners LLC Purchases 297 Shares of ONEOK, Inc. (NYSE:OKE)

Fidelis Capital Partners LLC increased its position in ONEOK, Inc. (NYSE:OKE) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,421 shares of the utilities provider’s stock after buying an additional 297 shares during the quarter. Fidelis Capital Partners LLC’s holdings in ONEOK were worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new position in shares of ONEOK during the fourth quarter worth approximately $30,000. Canton Hathaway LLC bought a new position in shares of ONEOK during the 4th quarter valued at $40,000. Access Investment Management LLC bought a new position in shares of ONEOK during the 3rd quarter valued at $37,000. Versant Capital Management Inc raised its position in ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 260 shares during the period. Finally, Sierra Ocean LLC bought a new stake in ONEOK in the fourth quarter worth $58,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $93.74 on Wednesday. ONEOK, Inc. has a 1 year low of $76.23 and a 1 year high of $118.07. The stock has a market capitalization of $58.52 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.77 and a beta of 1.70. The company’s 50-day moving average is $100.66 and its 200 day moving average is $99.40. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. On average, sell-side analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is 79.69%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OKE. Truist Financial raised their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Scotiabank began coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Barclays assumed coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price objective for the company. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group upped their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.15.

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.