Mitsubishi UFJ Agree with & Banking Corp grew its stake in stocks of ONEOK, Inc. (NYSE:OKE – Unfastened Document) by means of 29.0% within the 3rd quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The fund owned 357,869 stocks of the utilities supplier’s inventory after obtaining an extra 80,375 stocks right through the quarter. Mitsubishi UFJ Agree with & Banking Corp owned about 0.08% of ONEOK price $22,700,000 on the finish of the newest quarter.

Quite a few different institutional traders and hedge price range additionally not too long ago changed their holdings of OKE. Peoples Financial institution KS got a brand new stake in ONEOK right through the third quarter price roughly $25,000. Quent Capital LLC larger its place in ONEOK by means of 97.7% right through the third quarter. Quent Capital LLC now owns 437 stocks of the utilities supplier’s inventory price $28,000 after buying an extra 216 stocks within the closing quarter. Resurgent Monetary Advisors LLC got a brand new stake in ONEOK within the fourth quarter valued at roughly $29,000. Price Asset Control LLC got a brand new stake in ONEOK within the first quarter valued at roughly $30,000. In any case, Quarry LP got a brand new stake in ONEOK within the first quarter valued at roughly $31,000. Institutional traders and hedge price range personal 68.87% of the corporate’s inventory.

Analyst Upgrades and Downgrades

A number of analysts have issued studies on OKE stocks. Seaport Res Ptn raised stocks of ONEOK from a “impartial” score to a “purchase” score in a analysis file on Thursday. Royal Financial institution of Canada larger their charge goal on stocks of ONEOK from $69.00 to $76.00 and gave the corporate a “sector carry out” score in a analysis file on Thursday, November sixteenth. Truist Monetary larger their charge goal on stocks of ONEOK from $68.00 to $71.00 and gave the corporate a “grasp” score in a analysis file on Wednesday, January thirty first. Raymond James larger their charge goal on stocks of ONEOK from $80.00 to $85.00 and gave the corporate an “outperform” score in a analysis file on Friday, January nineteenth. In any case, Financial institution of The usa upgraded ONEOK from a “impartial” score to a “purchase” score and larger their goal charge for the corporate from $72.00 to $83.00 in a analysis be aware on Monday, December 4th. One funding analyst has rated the inventory with a promote score, 5 have given a grasp score and 8 have given a purchase score to the corporate. In keeping with MarketBeat.com, the corporate has a consensus score of “Average Purchase” and a consensus goal charge of $75.91.

Take a look at Out Our Newest Research on ONEOK

ONEOK Inventory Efficiency

Stocks of OKE opened at $69.04 on Monday. The industry’s fifty day shifting reasonable charge is $69.47 and its 200 day shifting reasonable charge is $67.17. ONEOK, Inc. has a 12-month low of $55.91 and a 12-month top of $72.51. The inventory has a marketplace capitalization of $40.22 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of one.91 and a beta of one.64. The corporate has a debt-to-equity ratio of one.32, a present ratio of 0.97 and a handy guide a rough ratio of 0.66.

ONEOK Will increase Dividend

The industry additionally not too long ago introduced a quarterly dividend, which will likely be paid on Wednesday, February 14th. Shareholders of report on Tuesday, January thirtieth will likely be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized foundation and a yield of five.74%. It is a spice up from ONEOK’s earlier quarterly dividend of $0.96. The ex-dividend date is Monday, January twenty ninth. ONEOK’s dividend payout ratio (DPR) is at the moment 72.66%.

ONEOK declared that its Board of Administrators has licensed a proportion repurchase plan on Wednesday, January seventeenth that permits the corporate to buyback $2.00 billion in remarkable stocks. This buyback authorization lets in the utilities supplier to buy as much as 4.9% of its stocks via open marketplace purchases. Stocks buyback plans are most often an indication that the corporate’s board believes its stocks are undervalued.

Insider Purchasing and Promoting at ONEOK

In different ONEOK information, Director Eduardo A. Rodriguez bought 800 stocks of the company’s inventory in a transaction on Friday, December twenty second. The inventory used to be bought at a median charge of $70.29, for a complete price of $56,232.00. Following the sale, the director now immediately owns 25,154 stocks within the corporate, valued at $1,768,074.66. The transaction used to be disclosed in a report filed with the Securities & Alternate Fee, which is out there via this hyperlink. 0.29% of the inventory is recently owned by means of corporate insiders.

About ONEOK

(Unfastened Document)

ONEOK, Inc engages in collecting, processing, fractionation, garage, transportation, and advertising of herbal fuel and herbal fuel liquids (NGL) in the USA. It operates via 4 segments: Herbal Gasoline Collecting and Processing, Herbal Gasoline Liquids, Herbal Gasoline Pipelines, and Delicate Merchandise and Crude.

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