MBM Wealth Consultants LLC Purchases 193 Shares of ONEOK, Inc. (NYSE:OKE)

MBM Wealth Consultants LLC grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,666 shares of the utilities provider’s stock after buying an additional 193 shares during the period. MBM Wealth Consultants LLC’s holdings in ONEOK were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of OKE. Nisa Investment Advisors LLC grew its stake in ONEOK by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 177,717 shares of the utilities provider’s stock valued at $17,843,000 after buying an additional 1,833 shares in the last quarter. Simon Quick Advisors LLC bought a new position in shares of ONEOK in the fourth quarter worth $251,000. MCF Advisors LLC grew its position in shares of ONEOK by 14.3% in the fourth quarter. MCF Advisors LLC now owns 2,771 shares of the utilities provider’s stock valued at $278,000 after purchasing an additional 347 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in ONEOK by 14.6% during the 4th quarter. Atomi Financial Group Inc. now owns 11,438 shares of the utilities provider’s stock worth $1,148,000 after purchasing an additional 1,454 shares in the last quarter. Finally, Transform Wealth LLC boosted its stake in ONEOK by 22.9% in the 4th quarter. Transform Wealth LLC now owns 125,720 shares of the utilities provider’s stock worth $12,622,000 after purchasing an additional 23,435 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OKE shares. UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial increased their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a report on Wednesday, December 18th. Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Price Performance

Shares of ONEOK stock opened at $109.84 on Wednesday. The company has a fifty day moving average of $106.17 and a 200-day moving average of $96.02. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07. The stock has a market capitalization of $64.17 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 4.66 and a beta of 1.70.

ONEOK (NYSE:OKE) last released its earnings results 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 during the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the firm posted $0.99 EPS. Equities research analysts expect that ONEOK, Inc. will post 5.1 EPS for the current year.

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.