American Century Companies Inc. Buys 150,484 Shares of ONEOK, Inc. (NYSE:OKE)

American Century Companies Inc. grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 889,423 shares of the utilities provider’s stock after buying an additional 150,484 shares during the quarter. American Century Companies Inc. owned approximately 0.15% of ONEOK worth $89,298,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in ONEOK in the 4th quarter worth about $182,694,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ONEOK by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider’s stock worth $1,848,844,000 after purchasing an additional 934,007 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ONEOK in the third quarter valued at approximately $47,957,000. National Pension Service raised its holdings in ONEOK by 65.3% in the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider’s stock valued at $126,779,000 after buying an additional 498,908 shares during the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in ONEOK during the 3rd quarter worth approximately $45,194,000. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKE has been the subject of several analyst reports. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Scotiabank lowered their target price on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company reduced their price target on ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Truist Financial raised their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Finally, Citigroup assumed coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 target price on the stock. Seven 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.31.

ONEOK Trading Up 3.0 %

Shares of ONEOK stock opened at $102.34 on Tuesday. 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, Inc. has a 52 week low of $76.23 and a 52 week high of $118.07. The stock has a 50 day moving average price of $98.91 and a two-hundred day moving average price of $99.99. The stock has a market capitalization of $63.89 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.03%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is 79.69%.

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.