Daymark Wealth Partners LLC Purchases 114 Shares of ONEOK, Inc. (NYSE:OKE)

Daymark Wealth Partners LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 5,646 shares of the utilities provider’s stock after buying an additional 114 shares during the period. Daymark Wealth Partners LLC’s holdings in ONEOK were worth $567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. raised its holdings in ONEOK by 4.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 96 shares during the period. Morton Capital Management LLC CA grew its position 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 in the last quarter. HM Payson & Co. increased its stake in ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock worth $161,000 after acquiring an additional 105 shares during the period. Ritholtz Wealth Management increased its position in shares of ONEOK by 4.7% in the fourth quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 106 shares during the period. Finally, Claro Advisors LLC raised its position in shares of ONEOK by 1.6% in the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock valued at $650,000 after buying an additional 115 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the topic of several recent analyst reports. Truist Financial lifted their price target on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lifted their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. Finally, Scotiabank began coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Stock Down 1.3 %

Shares of NYSE:OKE opened at $104.91 on Friday. The business’s 50 day moving average is $106.17 and its 200 day moving average is $96.28. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The stock has a market cap of $61.29 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 4.16 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.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $5.81 billion. During the same quarter last year, the firm posted $0.99 earnings per share. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is 82.85%.

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.