Caisse DE Depot ET Placement DU Quebec Has $430,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,721 shares of the utilities provider’s stock after buying an additional 200 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in ONEOK were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of OKE. Kingswood Wealth Advisors LLC grew its stake in shares of ONEOK by 3.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,578 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 443 shares during the period. CWM LLC raised its position in shares of ONEOK by 42.8% during the second quarter. CWM LLC now owns 53,688 shares of the utilities provider’s stock worth $4,378,000 after purchasing an additional 16,085 shares during the period. Simplicity Wealth LLC lifted its holdings in shares of ONEOK by 3.9% in the 2nd quarter. Simplicity Wealth LLC now owns 11,823 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 442 shares in the last quarter. Strategic Advocates LLC grew its position in ONEOK by 11.8% in the 2nd quarter. Strategic Advocates LLC now owns 4,608 shares of the utilities provider’s stock valued at $376,000 after purchasing an additional 488 shares during the period. Finally, Accel Wealth Management increased its stake in ONEOK by 30.4% during the 2nd quarter. Accel Wealth Management now owns 4,674 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 1,090 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on OKE shares. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. 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. Wells Fargo & Company increased their price objective on ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada raised their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and an average price target of $101.00.

ONEOK Price Performance

ONEOK stock opened at $110.51 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The business’s 50 day simple moving average is $101.36 and its 200 day simple moving average is $90.52. ONEOK, Inc. has a 12 month low of $65.49 and a 12 month high of $118.07. The company has a market cap of $64.56 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 5.59 and a beta of 1.69.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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). The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period last year, the business posted $0.99 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.08 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s payout ratio is currently 82.85%.

Insider Buying and Selling

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

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.