Private Advisor Group LLC Buys 10,927 Shares of ONEOK, Inc. (NYSE:OKE)

Private Advisor Group LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,746 shares of the utilities provider’s stock after purchasing an additional 10,927 shares during the period. Private Advisor Group LLC’s holdings in ONEOK were worth $7,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kieckhefer Group LLC acquired a new position in ONEOK in the 4th quarter valued at approximately $30,000. Access Investment Management LLC acquired a new position in ONEOK in the 3rd quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new position in ONEOK in the 3rd quarter valued at approximately $44,000. Fortitude Family Office LLC increased its position 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 period. Finally, Versant Capital Management Inc increased its position in ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 260 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group upped their price target 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. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research report on Wednesday, December 18th. Truist Financial upped their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Scotiabank initiated coverage on shares of ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Stock Down 0.6 %

Shares of NYSE OKE opened at $98.07 on Friday. The firm has a market cap of $57.29 billion, a PE ratio of 20.52, a P/E/G ratio of 3.80 and a beta of 1.70. ONEOK, Inc. has a 12-month low of $72.44 and a 12-month high of $118.07. The company’s fifty day simple moving average is $101.19 and its 200 day simple moving average is $98.65. 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.20%. ONEOK’s dividend payout ratio is currently 86.19%.

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.