Regent Peak Wealth Advisors LLC Takes $207,000 Position in ONEOK, Inc. (NYSE:OKE)

Regent Peak Wealth Advisors LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,064 shares of the utilities provider’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co bought a new stake in shares of ONEOK during the third quarter worth about $29,000. Quest Partners LLC acquired a new stake in ONEOK during the 2nd quarter worth approximately $28,000. Access Investment Management LLC bought a new stake in ONEOK during the 3rd quarter worth approximately $37,000. Values First Advisors Inc. bought a new stake in ONEOK during the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC increased its position in ONEOK by 37.4% in the 3rd 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 during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 1.0 %

ONEOK stock traded up $0.98 during midday trading on Tuesday, reaching $102.60. The stock had a trading volume of 643,398 shares, compared to its average volume of 2,152,961. The company has a fifty day moving average price of $105.10 and a two-hundred day moving average price of $94.34. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $59.94 billion, a P/E ratio of 21.46, a PEG ratio of 5.24 and a beta of 1.70.

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

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Analyst Upgrades and Downgrades

OKE has been the topic of several analyst reports. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Bank of America began coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Truist Financial upped their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, UBS Group raised 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. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

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.