Mather Group LLC. Raises Holdings in ONEOK, Inc. (NYSE:OKE)

Mather Group LLC. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,401 shares of the utilities provider’s stock after acquiring an additional 494 shares during the quarter. Mather Group LLC.’s holdings in ONEOK were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank lifted its holdings in ONEOK by 7.0% in the 3rd quarter. Czech National Bank now owns 118,982 shares of the utilities provider’s stock worth $10,843,000 after buying an additional 7,763 shares during the period. GAMMA Investing LLC lifted its holdings in ONEOK by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 9,692 shares of the utilities provider’s stock worth $883,000 after buying an additional 1,416 shares during the period. Bangor Savings Bank purchased a new stake in ONEOK in the 3rd quarter worth approximately $51,000. Axiom Advisory LLC lifted its holdings in ONEOK by 2.7% in the 3rd quarter. Axiom Advisory LLC now owns 11,266 shares of the utilities provider’s stock worth $981,000 after buying an additional 298 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in ONEOK by 2.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 21,312 shares of the utilities provider’s stock worth $1,942,000 after buying an additional 422 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.8 %

OKE stock opened at $97.84 on Thursday. ONEOK, Inc. has a twelve month low of $67.67 and a twelve month high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market cap of $57.16 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 3.69 and a beta of 1.70. The business has a 50 day moving average of $103.91 and a 200 day moving average of $97.42.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.21%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Bank of America began coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price for the company. Finally, Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.92.

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.