NorthRock Partners LLC Has $349,000 Stock Position in ONEOK, Inc. (NYSE:OKE)

NorthRock Partners LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 41.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,359 shares of the utilities provider’s stock after buying an additional 1,276 shares during the period. NorthRock Partners LLC’s holdings in ONEOK were worth $349,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OKE. Venturi Wealth Management LLC raised its stake in ONEOK by 5.3% during the first quarter. Venturi Wealth Management LLC now owns 2,809 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 142 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of ONEOK by 4.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 3,199 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 144 shares during the last quarter. Presima Securities ULC grew its holdings in shares of ONEOK by 1.7% during the fourth quarter. Presima Securities ULC now owns 9,100 shares of the utilities provider’s stock worth $639,000 after purchasing an additional 150 shares during the last quarter. FourThought Financial Partners LLC grew its holdings in shares of ONEOK by 3.8% during the fourth quarter. FourThought Financial Partners LLC now owns 4,386 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 161 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of ONEOK by 2.6% during the first quarter. Valeo Financial Advisors LLC now owns 6,867 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 171 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on OKE shares. Truist Financial boosted their price target on ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. StockNews.com upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Wells Fargo & Company boosted their price target on ONEOK from $81.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Stifel Nicolaus upped their target price on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.50.

ONEOK Trading Up 0.0 %

Shares of ONEOK stock traded up $0.02 on Monday, reaching $84.68. 2,057,423 shares of the company’s stock were exchanged, compared to its average volume of 2,764,721. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70. ONEOK, Inc. has a 52 week low of $60.58 and a 52 week high of $85.77. The firm’s 50-day moving average is $80.90 and its two-hundred day moving average is $76.90. The company has a market capitalization of $49.42 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 4.54 and a beta of 1.65.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $4.78 billion during the quarter, compared to analyst estimates of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same period in the prior year, the firm posted $2.34 EPS. Sell-side analysts predict that ONEOK, Inc. will post 4.95 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Tuesday, April 30th. ONEOK’s payout ratio is currently 92.09%.

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.