ONEOK, Inc. (NYSE:OKE) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 14.6% in the fourth quarter, HoldingsChannel reports. The fund owned 11,438 shares of the utilities provider’s stock after buying an additional 1,454 shares during the period. Atomi Financial Group Inc.’s holdings in ONEOK were worth $1,148,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Matrix Trust Co bought a new position in ONEOK in the 3rd quarter valued at about $29,000. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the 4th quarter worth approximately $30,000. Access Investment Management LLC bought a new position in shares of ONEOK in the third quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK during the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC raised its holdings in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $109.84 on Wednesday. The firm has a market capitalization of $64.17 billion, a P/E ratio of 22.98, a PEG ratio of 4.66 and a beta of 1.70. The stock has a fifty day moving average of $106.17 and a 200-day moving average of $96.02. 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, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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 analyst estimates 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 earnings per share. Equities analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on OKE. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Bank of America assumed coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. US Capital Advisors upgraded shares of 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. Finally, Royal Bank of Canada raised their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have issued 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 price target 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.