ONEOK (NYSE:OKE) Shares Down 0.8%

ONEOK, Inc. (NYSE:OKEGet Free Report) shares traded down 0.8% during trading on Friday . The stock traded as low as $77.97 and last traded at $78.14. 234,602 shares were traded during trading, a decline of 92% from the average session volume of 2,826,721 shares. The stock had previously closed at $78.76.

Analyst Ratings Changes

Several brokerages recently weighed in on OKE. Truist Financial boosted their target price on ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Morgan Stanley upped their price objective on shares of ONEOK from $90.00 to $93.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price 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. Barclays raised their price target on shares of ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Company upped their target price on ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average target price of $84.25.

Get Our Latest Analysis on ONEOK

ONEOK Stock Down 0.8 %

The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $45.61 billion, a PE ratio of 18.18, a PEG ratio of 4.30 and a beta of 1.65. The firm’s fifty day moving average is $79.82 and its 200-day moving average is $74.83.

ONEOK (NYSE:OKEGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. On average, equities research analysts predict that ONEOK, Inc. will post 4.94 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued 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 yield of 5.07%. ONEOK’s dividend payout ratio is presently 92.09%.

Institutional Trading of ONEOK

Large investors have recently modified their holdings of the business. Tocqueville Asset Management L.P. purchased a new stake in ONEOK during the 3rd quarter worth about $943,000. Rhumbline Advisers raised its position in shares of ONEOK by 10.1% in the third quarter. Rhumbline Advisers now owns 1,025,300 shares of the utilities provider’s stock valued at $65,035,000 after buying an additional 93,788 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of ONEOK by 605.1% during the third quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock valued at $35,000 after buying an additional 478 shares during the period. PNC Financial Services Group Inc. boosted its position in ONEOK by 200.4% during the third quarter. PNC Financial Services Group Inc. now owns 197,248 shares of the utilities provider’s stock worth $12,511,000 after acquiring an additional 131,584 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in ONEOK by 7.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 109,665 shares of the utilities provider’s stock worth $7,103,000 after acquiring an additional 7,764 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Company Profile

(Get Free Report)

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.

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