Private Advisor Group LLC Has $7.81 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

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

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Kieckhefer Group LLC acquired a new position in ONEOK in the 4th quarter valued at about $30,000. Access Investment Management LLC acquired a new position in ONEOK in the 3rd quarter valued at about $37,000. Values First Advisors Inc. acquired a new position in ONEOK in the 3rd quarter valued at about $44,000. Fortitude Family Office LLC grew its stake 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 buying an additional 135 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake 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 buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OKE. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company downgraded shares of 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. Scotiabank started coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Monday, February 10th. Finally, Barclays started coverage on shares of ONEOK in a report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price objective for the company. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Stock Performance

Shares of ONEOK stock opened at $98.07 on Friday. The company has a market cap of $57.29 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.80 and a beta of 1.70. 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 50 day moving average of $101.19 and a 200-day moving average of $98.65. ONEOK, Inc. has a 1-year low of $72.44 and a 1-year high of $118.07.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid 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 yield of 4.20%. ONEOK’s dividend payout ratio is presently 86.19%.

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.