Continuum Advisory LLC Buys 147 Shares of ONEOK, Inc. (NYSE:OKE)

by · The Cerbat Gem

Continuum Advisory LLC raised its stake in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,581 shares of the utilities provider’s stock after purchasing an additional 147 shares during the period. Continuum Advisory LLC’s holdings in ONEOK were worth $159,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Greenline Partners LLC bought a new position in ONEOK during the 4th quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of ONEOK in the 4th quarter valued at about $39,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp acquired a new position in shares of ONEOK in the 4th quarter valued at about $48,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of ONEOK in the 4th quarter valued at about $50,000. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

Shares of ONEOK stock opened at $81.36 on Friday. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The firm has a market capitalization of $50.82 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 3.77 and a beta of 1.01. The business has a 50-day simple moving average of $87.60 and a 200 day simple moving average of $97.34. 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the prior year, the firm posted $1.09 earnings per share. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Monday, May 5th. ONEOK’s dividend payout ratio is currently 80.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OKE. Scotiabank dropped their price objective on ONEOK from $100.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Citigroup dropped their price objective on ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Stifel Nicolaus dropped their price objective on ONEOK from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Morgan Stanley boosted their price objective on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Barclays dropped their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ONEOK has an average rating of “Moderate Buy” and an average price target of $104.69.

Read Our Latest Research Report on ONEOK

ONEOK Company Profile

(Free Report)

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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