Enterprise Financial Services Corp Takes $200,000 Position in ONEOK, Inc. (NYSE:OKE)

Enterprise Financial Services Corp purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,855 shares of the utilities provider’s stock, valued at approximately $200,000.

Several other institutional investors have also made changes to their positions in the stock. Dai ichi Life Insurance Company Ltd boosted its stake in shares of ONEOK by 142.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 66,977 shares of the utilities provider’s stock valued at $4,703,000 after buying an additional 39,335 shares during the period. Keystone Financial Group bought a new stake in ONEOK during the fourth quarter worth $208,000. CreativeOne Wealth LLC lifted its stake in ONEOK by 25.3% during the fourth quarter. CreativeOne Wealth LLC now owns 15,361 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 3,099 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of ONEOK by 28.8% during the fourth quarter. Corient Private Wealth LLC now owns 158,844 shares of the utilities provider’s stock worth $11,154,000 after buying an additional 35,518 shares in the last quarter. Finally, Associated Banc Corp increased its holdings in shares of ONEOK by 13.2% during the fourth quarter. Associated Banc Corp now owns 26,370 shares of the utilities provider’s stock worth $1,852,000 after buying an additional 3,078 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Down 0.6 %

NYSE OKE traded down $0.46 during trading hours on Thursday, hitting $81.20. The company’s stock had a trading volume of 543,958 shares, compared to its average volume of 2,854,159. ONEOK, Inc. has a 52 week low of $56.19 and a 52 week high of $83.31. The company has a market capitalization of $47.39 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 4.47 and a beta of 1.64. The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24. The company’s 50-day simple moving average is $79.57 and its two-hundred day simple moving average is $73.32.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. The business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the firm earned $2.34 EPS. Research analysts anticipate that ONEOK, Inc. will post 4.92 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.88%. ONEOK’s dividend payout ratio is currently 92.09%.

Insiders Place Their Bets

In related news, Director Wayne Thomas Smith purchased 2,700 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $75.25 per share, for a total transaction of $203,175.00. Following the purchase, the director now directly owns 2,700 shares in the company, valued at approximately $203,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on OKE shares. Stifel Nicolaus upped their price target on shares of ONEOK from $81.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Seaport Res Ptn upgraded ONEOK from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. StockNews.com upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Truist Financial increased their price target on ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Finally, Citigroup increased their price target on ONEOK from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, ONEOK presently has an average rating of “Hold” and a consensus price target of $83.58.

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.