HB Wealth Management LLC Purchases 1,569 Shares of ONEOK, Inc. (NYSE:OKE)

HB Wealth Management LLC boosted its position in ONEOK, Inc. (NYSE:OKE) by 5.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,871 shares of the utilities provider’s stock after buying an additional 1,569 shares during the quarter. HB Wealth Management LLC’s holdings in ONEOK were worth $3,099,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Morton Capital Management LLC CA raised its holdings in ONEOK by 1.4% in the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after purchasing an additional 104 shares in the last quarter. HM Payson & Co. increased its holdings in shares of ONEOK by 6.3% during the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 105 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of ONEOK by 4.7% during the fourth quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 106 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of ONEOK by 1.6% during the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock valued at $650,000 after acquiring an additional 115 shares in the last quarter. Finally, Haverford Trust Co increased its holdings in shares of ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.4 %

Shares of NYSE:OKE opened at $109.08 on Monday. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market capitalization of $63.72 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70. The stock’s 50-day simple moving average is $106.17 and its two-hundred day simple moving average is $95.74.

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). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Analysts expect that ONEOK, Inc. will post 5.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Finally, Bank of America initiated coverage on ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.92.

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.