Amundi Purchases 207,324 Shares of ONEOK, Inc. (NYSE:OKE)

Amundi lifted its position in ONEOK, Inc. (NYSE:OKE) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,105,596 shares of the utilities provider’s stock after acquiring an additional 207,324 shares during the period. Amundi owned 0.70% of ONEOK worth $422,261,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OKE. Kieckhefer Group LLC purchased a new stake in shares of ONEOK in the 4th quarter worth approximately $30,000. Access Investment Management LLC purchased a new stake in shares of ONEOK in the 3rd quarter worth approximately $37,000. Canton Hathaway LLC purchased a new stake in shares of ONEOK in the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK in the 4th quarter worth approximately $48,000. Finally, Versant Capital Management Inc grew its stake in shares of 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 buying an additional 260 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OKE shares. Citigroup assumed coverage on ONEOK in a research note on Friday, February 28th. They issued a “buy” rating and a $110.00 price target on the stock. Barclays cut their target price on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial increased their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company cut their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.31.

ONEOK Stock Performance

OKE stock opened at $89.59 on Friday. The company has a market cap of $55.93 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a 1 year low of $76.23 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock’s fifty day moving average price is $100.00 and its 200-day moving average price is $99.37.

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

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 79.69%.

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.