ST Germain D J Co. Inc. Raises Position in ONEOK, Inc. (NYSE:OKE)

ST Germain D J Co. Inc. grew its position in ONEOK, Inc. (NYSE:OKE) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,899 shares of the utilities provider’s stock after acquiring an additional 1,033 shares during the period. ST Germain D J Co. Inc.’s holdings in ONEOK were worth $391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OKE. Quest Partners LLC purchased a new stake in shares of ONEOK in the second quarter valued at about $28,000. Matrix Trust Co purchased a new stake in shares of ONEOK in the third quarter valued at about $29,000. Access Investment Management LLC purchased a new stake in shares of ONEOK in the third quarter valued at about $37,000. Values First Advisors Inc. purchased a new stake in shares of ONEOK in the third quarter valued at about $44,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE:OKE opened at $101.84 on Friday. The firm has a 50 day simple moving average of $105.63 and a 200-day simple moving average of $94.75. 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 firm has a market cap of $59.49 billion, a PE ratio of 21.31, a P/E/G ratio of 5.24 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Analysts Set New Price Targets

A number of analysts recently commented on OKE shares. Truist Financial boosted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a report on Wednesday, December 18th. Finally, UBS Group boosted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average price target of $101.54.

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.