Blue Trust Inc. lowered its position in ONEOK, Inc. (NYSE:OKE – Free Report) by 37.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,650 shares of the utilities provider’s stock after selling 2,188 shares during the period. Blue Trust Inc.’s holdings in ONEOK were worth $366,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Astoria Portfolio Advisors LLC. raised its position in shares of ONEOK by 4.1% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock valued at $260,000 after buying an additional 96 shares during the last quarter. McAdam LLC increased its holdings in ONEOK by 3.8% in the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC lifted its stake in ONEOK by 0.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider’s stock worth $1,262,000 after purchasing an additional 100 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of ONEOK by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock valued at $965,000 after purchasing an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA grew its position in shares of ONEOK by 1.4% during the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock valued at $734,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on OKE shares. Truist Financial increased their price target on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Barclays initiated coverage on shares of ONEOK in a research report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 price objective for the company. UBS Group upped their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank began coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.92.
ONEOK Stock Performance
Shares of ONEOK stock opened at $98.57 on Wednesday. ONEOK, Inc. has a 52 week low of $71.50 and a 52 week high of $118.07. The company has a market capitalization of $57.58 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The stock’s fifty day moving average is $101.64 and its two-hundred day moving average is $98.38. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.
ONEOK Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 4.18%. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is currently 86.19%.
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.
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