Sanctuary Advisors LLC Has $11.83 Million Position in ONEOK, Inc. (NYSE:OKE)

Sanctuary Advisors LLC reduced its position in shares of ONEOK, Inc. (NYSE:OKE) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,463 shares of the utilities provider’s stock after selling 2,914 shares during the period. Sanctuary Advisors LLC’s holdings in ONEOK were worth $11,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OKE. International Assets Investment Management LLC boosted its position in shares of ONEOK by 9,439.9% during the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after buying an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of ONEOK by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after buying an additional 661,854 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ONEOK during the third quarter worth about $47,957,000. Yaupon Capital Management LP bought a new stake in ONEOK during the third quarter worth about $45,194,000. Finally, Strategic Financial Concepts LLC raised its holdings in ONEOK by 10,153.8% during the fourth 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 in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

ONEOK stock opened at $98.57 on Wednesday. ONEOK, Inc. has a 12 month low of $71.50 and a 12 month high of $118.07. The stock’s 50 day moving average is $101.64 and its 200-day moving average is $98.38. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $57.58 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.67 and a beta of 1.70.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.18%. ONEOK’s dividend payout ratio is presently 86.19%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OKE shares. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a report on Wednesday, December 18th. Scotiabank started coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. Truist Financial upped their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Finally, Barclays started coverage on ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Company 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.