ONEOK, Inc. (NYSE:OKE) Stock Holdings Increased by First Hawaiian Bank

First Hawaiian Bank boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 61.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,183 shares of the utilities provider’s stock after acquiring an additional 8,867 shares during the period. First Hawaiian Bank’s holdings in ONEOK were worth $2,328,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Matrix Trust Co acquired a new stake in shares of ONEOK during the 3rd quarter valued at $29,000. Quest Partners LLC acquired a new stake in ONEOK during the second quarter valued at $28,000. Access Investment Management LLC purchased a new position in ONEOK in the third quarter valued at about $37,000. Values First Advisors Inc. acquired a new position in ONEOK in the 3rd quarter worth about $44,000. Finally, Fortitude Family Office LLC raised its stake in shares of ONEOK by 37.4% during 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. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 1.1 %

Shares of OKE stock opened at $102.68 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1 year low of $67.05 and a 1 year high of $118.07. The firm’s fifty day simple moving average is $105.35 and its 200 day simple moving average is $94.55. The firm has a market capitalization of $59.98 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the company posted $0.99 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.86%. ONEOK’s payout ratio is 82.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price for the company. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Truist Financial boosted their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

About ONEOK

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.