2,000 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Check Capital Management Inc. CA

Check Capital Management Inc. CA bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,000 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Covenant Asset Management LLC increased its holdings in ONEOK by 6.3% during the fourth quarter. Covenant Asset Management LLC now owns 4,645 shares of the utilities provider’s stock worth $466,000 after buying an additional 276 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in ONEOK by 1.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 55,389 shares of the utilities provider’s stock worth $5,561,000 after buying an additional 832 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in ONEOK by 19.0% during the fourth quarter. WASHINGTON TRUST Co now owns 3,088 shares of the utilities provider’s stock worth $310,000 after buying an additional 492 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in ONEOK during the fourth quarter worth $18,292,000. Finally, Catalyst Financial Partners LLC boosted its position in ONEOK by 3.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 4,183 shares of the utilities provider’s stock worth $420,000 after purchasing an additional 137 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on OKE shares. Truist Financial lifted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Barclays assumed coverage on shares of ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price for the company. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

ONEOK Stock Performance

Shares of OKE stock opened at $97.96 on Friday. The business’s 50 day simple moving average is $101.79 and its 200 day simple moving average is $98.05. ONEOK, Inc. has a one year low of $69.01 and a one year high of $118.07. The stock has a market capitalization of $57.23 billion, a PE ratio of 20.49, a PEG ratio of 3.67 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK Increases Dividend

The firm also recently declared 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 dividend yield of 4.21%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK’s dividend payout ratio is presently 86.19%.

ONEOK 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.