ONEOK, Inc. (NYSE:OKE) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 7.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,431 shares of the utilities provider’s stock after purchasing an additional 232 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in ONEOK were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Hilltop Holdings Inc. boosted its position in ONEOK by 7.3% during the fourth quarter. Hilltop Holdings Inc. now owns 16,525 shares of the utilities provider’s stock worth $1,160,000 after purchasing an additional 1,124 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in ONEOK by 26.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 24,568 shares of the utilities provider’s stock worth $1,725,000 after purchasing an additional 5,167 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of ONEOK by 31.6% in the fourth quarter. Federated Hermes Inc. now owns 160,596 shares of the utilities provider’s stock worth $11,277,000 after acquiring an additional 38,560 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of ONEOK by 11.6% in the fourth quarter. TD Asset Management Inc now owns 208,063 shares of the utilities provider’s stock worth $14,610,000 after acquiring an additional 21,657 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of ONEOK by 32.1% in the fourth quarter. Vontobel Holding Ltd. now owns 72,394 shares of the utilities provider’s stock worth $5,084,000 after acquiring an additional 17,612 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 2.0 %

Shares of OKE traded down $1.57 during midday trading on Monday, hitting $78.60. The stock had a trading volume of 3,528,736 shares, compared to its average volume of 2,756,126. The company has a 50 day simple moving average of $81.43 and a two-hundred day simple moving average of $78.12. ONEOK, Inc. has a twelve month low of $60.58 and a twelve month high of $86.20. The firm has a market cap of $45.87 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 4.37 and a beta of 1.65. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48.

ONEOK (NYSE:OKE) last released its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same period in the prior year, the company earned $1.04 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.02 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Thursday, August 1st. ONEOK’s dividend payout ratio is presently 92.09%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OKE shares. Tudor Pickering raised ONEOK to a “hold” rating in a report on Thursday, July 18th. Mizuho upped their target price on ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Truist Financial upped their price target on ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Finally, Wells Fargo & Company upped their price target on ONEOK from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

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.