Regent Peak Wealth Advisors LLC Makes New $207,000 Investment in ONEOK, Inc. (NYSE:OKE)

Regent Peak Wealth Advisors LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 made changes to their positions in OKE. Astoria Portfolio Advisors LLC. lifted its holdings in ONEOK by 4.1% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock worth $260,000 after buying an additional 96 shares during the period. Morton Capital Management LLC CA lifted its stake in shares of ONEOK by 1.4% during the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after purchasing an additional 104 shares during the last quarter. HM Payson & Co. boosted its position in ONEOK by 6.3% during the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 105 shares in the last quarter. Ritholtz Wealth Management grew its stake in ONEOK by 4.7% in the fourth quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 106 shares during the last quarter. Finally, Claro Advisors LLC raised its holdings in ONEOK by 1.6% in the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock worth $650,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $109.08 on Tuesday. ONEOK, Inc. has a one year low of $67.05 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.66 and a beta of 1.70. The firm’s fifty day moving average is $106.17 and its two-hundred day moving average is $95.83.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OKE. Royal Bank of Canada raised their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Scotiabank assumed coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Truist Financial raised their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.92.

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.