Great Point Wealth Advisors LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,874 shares of the utilities provider’s stock, valued at approximately $424,000. ONEOK makes up about 0.4% of Great Point Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position.
A number of other large investors have also recently bought and sold shares of the business. Reilly Financial Advisors LLC increased its stake in shares of ONEOK by 142.4% during the 4th quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 292 shares during the last quarter. Oakworth Capital Inc. increased its stake in shares of ONEOK by 2,664.0% during the 4th quarter. Oakworth Capital Inc. now owns 691 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 666 shares during the last quarter. ERTS Wealth Advisors LLC purchased a new stake in shares of ONEOK during the 4th quarter worth approximately $39,000. Oregon Public Employees Retirement Fund increased its stake in shares of ONEOK by 5,259.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,415,665 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 2,370,592 shares during the last quarter. Finally, Bremer Trust National Association purchased a new stake in shares of ONEOK during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Barclays set a $66.00 price target on shares of ONEOK and gave the stock a “hold” rating in a research note on Wednesday, January 16th. Wolfe Research assumed coverage on shares of ONEOK in a research note on Thursday, December 13th. They set an “outperform” rating and a $66.00 price target for the company. Mizuho assumed coverage on shares of ONEOK in a research note on Wednesday, November 28th. They set a “neutral” rating and a $70.00 price target for the company. US Capital Advisors restated a “buy” rating on shares of ONEOK in a research note on Wednesday, January 16th. Finally, Evercore ISI started coverage on shares of ONEOK in a research note on Tuesday, February 5th. They set a $68.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $71.11.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). ONEOK had a return on equity of 16.32% and a net margin of 6.96%. During the same quarter in the prior year, the company earned $0.53 earnings per share. Research analysts forecast that ONEOK, Inc. will post 2.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, January 28th were issued a $0.86 dividend. The ex-dividend date was Friday, January 25th. This is an increase from ONEOK’s previous quarterly dividend of $0.86. This represents a $3.44 annualized dividend and a yield of 5.12%. ONEOK’s dividend payout ratio (DPR) is 123.74%.
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ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
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