Clifford Swan Investment Counsel LLC Has $4.45 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Clifford Swan Investment Counsel LLC reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,302 shares of the utilities provider’s stock after selling 794 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in ONEOK were worth $4,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OKE. Kieckhefer Group LLC acquired a new position in ONEOK in the 4th quarter valued at approximately $30,000. Access Investment Management LLC acquired a new stake in ONEOK during the 3rd quarter valued at approximately $37,000. Canton Hathaway LLC acquired a new stake in ONEOK during the 4th quarter valued at approximately $40,000. Versant Capital Management Inc increased its position in ONEOK by 98.1% during the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 260 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in ONEOK during the 3rd quarter valued at approximately $57,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on OKE. Citigroup began coverage on shares of ONEOK in a research report on Friday. They set a “buy” rating and a $110.00 target price for the company. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Truist Financial raised their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.15.

ONEOK Stock Up 3.8 %

Shares of NYSE OKE opened at $100.29 on Friday. The stock has a market capitalization of $62.62 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a 50-day moving average price of $100.91 and a 200-day moving average price of $99.19. ONEOK, Inc. has a 1 year low of $74.39 and a 1 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 issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. On average, equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 79.69%.

ONEOK 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.