Crewe Advisors LLC Sells 119 Shares of ONEOK, Inc. (NYSE:OKE)

Crewe Advisors LLC trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,233 shares of the utilities provider’s stock after selling 119 shares during the period. Crewe Advisors LLC’s holdings in ONEOK were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co bought a new stake in ONEOK in the 3rd quarter valued at $29,000. Kieckhefer Group LLC bought a new stake in ONEOK in the 4th quarter valued at $30,000. Access Investment Management LLC bought a new stake in ONEOK in the 3rd quarter valued at $37,000. Values First Advisors Inc. bought a new stake in ONEOK in the 3rd quarter valued at $44,000. Finally, Fortitude Family Office LLC increased its holdings in ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on OKE shares. Truist Financial lifted their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research note on Wednesday, December 18th. Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, UBS Group lifted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Price Performance

OKE stock opened at $97.84 on Thursday. The stock has a market cap of $57.16 billion, a PE ratio of 20.47, a P/E/G ratio of 3.69 and a beta of 1.70. 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 12 month low of $67.67 and a 12 month high of $118.07. The company has a 50-day moving average price of $103.91 and a 200 day moving average price of $97.42.

ONEOK Increases Dividend

The business also recently disclosed 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. This represents a $4.12 annualized dividend and a yield of 4.21%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. ONEOK’s payout ratio is 82.85%.

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.