3,146 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Evercore Wealth Management LLC

Evercore Wealth Management LLC acquired a new position in ONEOK, Inc. (NYSE:OKEFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,146 shares of the utilities provider’s stock, valued at approximately $221,000.

Several other large investors also recently bought and sold shares of OKE. Beacon Capital Management LLC increased its holdings in ONEOK by 90.7% in the 4th quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock worth $29,000 after buying an additional 194 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of ONEOK during the 4th quarter valued at about $32,000. Loomis Sayles & Co. L P grew its stake in shares of ONEOK by 605.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 478 shares during the period. Security National Bank bought a new stake in shares of ONEOK during the 4th quarter valued at about $35,000. Finally, SOA Wealth Advisors LLC. grew its stake in shares of ONEOK by 283.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 510 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 377 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on ONEOK from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Truist Financial boosted their price target on ONEOK from $71.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Citigroup boosted their price target on ONEOK from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Wells Fargo & Company boosted their price objective on ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on ONEOK from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.25.

Get Our Latest Analysis on ONEOK

ONEOK Stock Up 1.8 %

NYSE OKE opened at $80.04 on Tuesday. The stock’s 50 day moving average is $79.84 and its 200 day moving average is $74.68. The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24. ONEOK, Inc. has a 12 month low of $57.37 and a 12 month high of $83.31. The stock has a market cap of $46.72 billion, a PE ratio of 18.61, a P/E/G ratio of 4.23 and a beta of 1.65.

ONEOK (NYSE:OKEGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The company had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the previous year, the firm earned $2.34 EPS. Research analysts predict that ONEOK, Inc. will post 4.92 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.99 per share. The ex-dividend date was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.95%. ONEOK’s dividend payout ratio (DPR) is 92.09%.

ONEOK Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.