Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 200 Shares of ONEOK, Inc. (NYSE:OKE)

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,597 shares of the utilities provider’s stock after selling 200 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in ONEOK were worth $964,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OKE. Kieckhefer Group LLC bought a new position in ONEOK in the 4th quarter worth approximately $30,000. Matrix Trust Co bought a new stake in ONEOK in the 3rd quarter valued at $29,000. Access Investment Management LLC purchased a new position in shares of ONEOK during the third quarter valued at about $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK in the third quarter worth about $44,000. Finally, Fortitude Family Office LLC lifted its position in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after buying an additional 135 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Price Performance

NYSE:OKE opened at $100.38 on Tuesday. The stock has a market capitalization of $58.64 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. 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 stock’s 50-day moving average price is $106.00 and its 200-day moving average price is $96.70.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) 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 posted $0.99 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.10%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Truist Financial boosted their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Barclays lifted their price target on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Bank of America initiated 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, Royal Bank of Canada boosted their price objective on shares of ONEOK from $89.00 to $98.00 and gave the company 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 given a buy rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus target price 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.