475 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by J.Safra Asset Management Corp

J.Safra Asset Management Corp acquired a new position in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 475 shares of the utilities provider’s stock, valued at approximately $48,000.

Several other institutional investors also recently bought and sold shares of OKE. Cookson Peirce & Co. Inc. purchased a new position in ONEOK in the 4th quarter worth approximately $201,000. Triad Wealth Partners LLC purchased a new position in ONEOK in the 4th quarter worth approximately $235,000. Keybank National Association OH lifted its stake in ONEOK by 1.1% in the 4th quarter. Keybank National Association OH now owns 115,667 shares of the utilities provider’s stock worth $11,613,000 after purchasing an additional 1,236 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in ONEOK by 18.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 18,344 shares of the utilities provider’s stock worth $1,849,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Pinion Investment Advisors LLC lifted its stake in ONEOK by 25.7% in the 4th quarter. Pinion Investment Advisors LLC now owns 11,076 shares of the utilities provider’s stock worth $1,112,000 after purchasing an additional 2,263 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research reports. Truist Financial raised their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Scotiabank assumed coverage on shares of ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup assumed coverage on shares of ONEOK in a research report on Friday, February 28th. They set a “buy” rating and a $110.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.15.

ONEOK Stock Down 2.0 %

Shares of NYSE OKE opened at $91.95 on Thursday. The firm has a market cap of $57.40 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.77 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 52-week low of $76.23 and a 52-week high of $118.07. The business’s 50 day moving average is $100.45 and its two-hundred day moving average is $99.34.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.48%. ONEOK’s payout ratio is 79.69%.

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.