32,500 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Outfitter Financial LLC

Outfitter Financial LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 32,500 shares of the utilities provider’s stock, valued at approximately $3,263,000. ONEOK comprises approximately 2.6% of Outfitter Financial LLC’s holdings, making the stock its 9th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Stockton bought a new position in shares of ONEOK in the 4th quarter valued at about $232,000. Paradigm Asset Management Co. LLC acquired a new position in ONEOK in the fourth quarter valued at approximately $151,000. WP Advisors LLC boosted its stake in ONEOK by 0.9% in the fourth quarter. WP Advisors LLC now owns 40,282 shares of the utilities provider’s stock valued at $4,044,000 after acquiring an additional 362 shares during the last quarter. Legacy Capital Group California Inc. acquired a new stake in ONEOK during the 4th quarter worth $792,000. Finally, Waterfront Wealth Inc. bought a new stake in shares of ONEOK during the 4th quarter valued at $207,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial raised their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank began coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, Barclays assumed coverage on shares of ONEOK in a report on Thursday, February 6th. They set 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

ONEOK Trading Down 0.6 %

Shares of NYSE:OKE opened at $98.65 on Friday. The firm has a market cap of $57.63 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 3.80 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $71.85 and a 12 month high of $118.07. The company’s fifty day simple moving average is $101.31 and its 200 day simple moving average is $98.51. 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 company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 dividend yield of 4.18%. ONEOK’s dividend payout ratio (DPR) is currently 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.