Diversify Advisory Services LLC Has $565,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Diversify Advisory Services LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 37.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,548 shares of the utilities provider’s stock after purchasing an additional 1,497 shares during the quarter. Diversify Advisory Services LLC’s holdings in ONEOK were worth $565,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in ONEOK by 37.1% during the second quarter. Canada Pension Plan Investment Board now owns 53,591 shares of the utilities provider’s stock worth $4,370,000 after purchasing an additional 14,505 shares during the period. Pacer Advisors Inc. increased its stake in ONEOK by 2.7% during the second quarter. Pacer Advisors Inc. now owns 90,454 shares of the utilities provider’s stock valued at $7,377,000 after acquiring an additional 2,373 shares during the period. ProShare Advisors LLC lifted its position in shares of ONEOK by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 176,272 shares of the utilities provider’s stock worth $14,375,000 after acquiring an additional 6,919 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of ONEOK during the 2nd quarter worth approximately $841,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of ONEOK by 72.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,687 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 1,133 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Up 0.8 %

Shares of NYSE:OKE opened at $109.84 on Wednesday. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The firm has a market cap of $64.17 billion, a P/E ratio of 22.98, a P/E/G ratio of 4.66 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The company’s 50-day moving average price is $106.17 and its two-hundred day moving average price is $96.02.

ONEOK (NYSE:OKE) last issued its quarterly 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 analyst estimates of $5.81 billion. During the same period in the prior year, the business earned $0.99 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

Analysts Set New Price Targets

OKE has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Scotiabank assumed coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Truist Financial increased their price target on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada raised their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK 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.