Asset Management One Co. Ltd. Has $26.17 Million Stake in ONEOK, Inc. (NYSE:OKE)

Asset Management One Co. Ltd. boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 20.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 259,564 shares of the utilities provider’s stock after acquiring an additional 44,418 shares during the period. Asset Management One Co. Ltd.’s holdings in ONEOK were worth $26,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. Ritholtz Wealth Management acquired a new stake in ONEOK in the 3rd quarter worth about $206,000. Creative Planning raised its stake in ONEOK by 3.2% in the 3rd quarter. Creative Planning now owns 241,031 shares of the utilities provider’s stock worth $21,965,000 after purchasing an additional 7,467 shares in the last quarter. Asset Dedication LLC raised its stake in ONEOK by 318.9% in the 3rd quarter. Asset Dedication LLC now owns 2,367 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 1,802 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in ONEOK by 1.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,575 shares of the utilities provider’s stock valued at $3,060,000 after buying an additional 377 shares during the period. Finally, Hengehold Capital Management LLC bought a new position in ONEOK in the 3rd quarter valued at about $266,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 1.0 %

OKE opened at $97.96 on Friday. ONEOK, Inc. has a fifty-two week low of $69.01 and a fifty-two week high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a market capitalization of $57.23 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 3.67 and a beta of 1.70. The company’s 50 day moving average price is $102.01 and its two-hundred day moving average price is $97.94.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.21%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK’s payout ratio is presently 86.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Monday, February 10th. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. UBS Group raised their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Scotiabank started coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have issued 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.

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.