Advisory Resource Group Buys 201 Shares of ONEOK, Inc. (NYSE:OKE)

Advisory Resource Group lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,339 shares of the utilities provider’s stock after purchasing an additional 201 shares during the quarter. Advisory Resource Group’s holdings in ONEOK were worth $1,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. International Assets Investment Management LLC increased its stake in ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after acquiring an additional 3,197,121 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in ONEOK by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after acquiring an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in ONEOK in the 3rd quarter worth about $47,957,000. Yaupon Capital Management LP bought a new position in ONEOK in the 3rd quarter worth about $45,194,000. Finally, Strategic Financial Concepts LLC increased its stake in ONEOK by 10,153.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 494,645 shares of the utilities provider’s stock worth $49,662,000 after acquiring an additional 489,821 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OKE. Truist Financial upped their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. UBS Group upped their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank initiated coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.42.

ONEOK Trading Down 0.1 %

Shares of OKE stock opened at $95.75 on Friday. The stock has a market capitalization of $55.94 billion, a PE ratio of 20.03, a P/E/G ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $68.21 and a 1-year high of $118.07. The business has a 50-day moving average of $102.92 and a 200 day moving average of $97.49. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.30%. ONEOK’s dividend payout ratio is currently 86.19%.

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.