ONEOK, Inc. (NYSE:OKE) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its position in ONEOK, Inc. (NYSE:OKE) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 358,646 shares of the utilities provider’s stock after selling 50,991 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.06% of ONEOK worth $36,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service boosted its stake in shares of ONEOK by 1.6% in the third quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock valued at $69,608,000 after purchasing an additional 12,349 shares during the period. Leavell Investment Management Inc. boosted its position in ONEOK by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after buying an additional 5,175 shares during the period. Nations Financial Group Inc. IA ADV increased its position in shares of ONEOK by 11.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock worth $4,972,000 after acquiring an additional 5,451 shares during the period. FNY Investment Advisers LLC raised its stake in shares of ONEOK by 14,279.1% in the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider’s stock valued at $2,208,000 after acquiring an additional 21,847 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider’s stock worth $1,456,000 after purchasing an additional 5,321 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank assumed coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Barclays began coverage on shares of ONEOK in a research report on Thursday. They issued an “equal weight” rating and a $105.00 price objective on the stock. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research note on Wednesday, December 18th. Finally, UBS Group increased their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.42.

ONEOK Stock Down 0.1 %

Shares of ONEOK stock opened at $95.75 on Friday. ONEOK, Inc. has a one year low of $68.21 and a one year high of $118.07. The company has a market cap of $55.94 billion, a P/E ratio of 20.03, a PEG ratio of 3.67 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a fifty day moving average of $102.92 and a two-hundred day moving average of $97.49.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $1.03 dividend. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) 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.