Segment Wealth Management LLC Buys 145 Shares of ONEOK, Inc. (NYSE:OKE)

Segment Wealth Management LLC increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 11,296 shares of the utilities provider’s stock after buying an additional 145 shares during the quarter. Segment Wealth Management LLC’s holdings in ONEOK were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Ieq Capital LLC grew its holdings in shares of ONEOK by 9.6% in the 2nd quarter. Ieq Capital LLC now owns 24,843 shares of the utilities provider’s stock valued at $2,026,000 after buying an additional 2,167 shares during the period. Canada Pension Plan Investment Board lifted its holdings in ONEOK by 37.1% during the second quarter. Canada Pension Plan Investment Board now owns 53,591 shares of the utilities provider’s stock worth $4,370,000 after acquiring an additional 14,505 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of ONEOK by 2.7% during the 2nd quarter. Pacer Advisors Inc. now owns 90,454 shares of the utilities provider’s stock valued at $7,377,000 after purchasing an additional 2,373 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of ONEOK by 22.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 1,303 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in ONEOK by 12.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 342,612 shares of the utilities provider’s stock worth $27,940,000 after buying an additional 36,820 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $109.08 on Tuesday. The stock has a market cap of $63.72 billion, a P/E ratio of 22.82, a P/E/G ratio of 4.66 and a beta of 1.70. The company has a fifty day moving average price of $106.17 and a two-hundred day moving average price of $95.83. 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 current ratio of 0.81 and a quick ratio of 0.59.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Barclays upped their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Mizuho upgraded ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company 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.