AEGON ASSET MANAGEMENT UK Plc Invests $29.25 Million in ONEOK, Inc. (NYSE:OKE)

AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, Holdings Channel reports. The firm purchased 291,313 shares of the utilities provider’s stock, valued at approximately $29,251,000.

Several other large investors have also recently bought and sold shares of the company. Matrix Trust Co bought a new position in ONEOK during the 3rd quarter worth $29,000. Kieckhefer Group LLC acquired a new stake in ONEOK in the fourth quarter worth $30,000. Access Investment Management LLC bought a new stake in ONEOK in the 3rd quarter valued at about $37,000. Values First Advisors Inc. bought a new position in ONEOK in the third quarter worth approximately $44,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of ONEOK by 37.4% in the 3rd 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. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

Shares of NYSE:OKE opened at $104.42 on Friday. The business has a 50-day simple moving average of $106.00 and a two-hundred day simple moving average of $96.50. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The firm has a market cap of $61.00 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. 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 (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion during 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 period in the previous year, the firm earned $0.99 EPS. On average, analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.95%. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays increased their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. Truist Financial upped their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Scotiabank began coverage on ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. Finally, UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $102.92.

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.