BankPlus Trust Department bought a new position in ONEOK, Inc. (NYSE:OKE – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,552 shares of the utilities provider’s stock, valued at approximately $2,465,000. ONEOK makes up approximately 0.8% of BankPlus Trust Department’s investment portfolio, making the stock its 23rd biggest position.
Several other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock valued at $1,593,023,000 after purchasing an additional 661,854 shares during the last quarter. Geode Capital Management LLC raised its position in ONEOK by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider’s stock worth $1,242,449,000 after purchasing an additional 138,430 shares during the period. Janus Henderson Group PLC boosted its holdings in ONEOK by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 3,751,172 shares of the utilities provider’s stock valued at $341,844,000 after acquiring an additional 11,189 shares during the period. abrdn plc increased its stake in ONEOK by 14.8% in the 3rd quarter. abrdn plc now owns 2,149,676 shares of the utilities provider’s stock worth $195,545,000 after purchasing an additional 277,514 shares during the period. Finally, Chickasaw Capital Management LLC raised its stake in shares of ONEOK by 15.2% during the fourth quarter. Chickasaw Capital Management LLC now owns 1,992,336 shares of the utilities provider’s stock valued at $200,031,000 after acquiring an additional 263,545 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.
ONEOK Price Performance
NYSE OKE opened at $98.07 on Monday. The stock has a market cap of $57.29 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.77 and a beta of 1.70. The business has a 50 day simple moving average of $101.19 and a 200 day simple moving average of $98.87. ONEOK, Inc. has a 52-week low of $72.44 and a 52-week high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.
ONEOK Increases Dividend
Analyst Ratings Changes
OKE has been the subject of several analyst reports. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. UBS Group raised their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays assumed coverage on shares of ONEOK in a research report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price for the company. Scotiabank started coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Finally, Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.
Read Our Latest Analysis on ONEOK
About ONEOK
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.
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