Wetherby Asset Management Inc. raised its stake in ONEOK, Inc. (NYSE:OKE) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,685 shares of the utilities provider’s stock after purchasing an additional 946 shares during the period. Wetherby Asset Management Inc.’s holdings in ONEOK were worth $571,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Winslow Evans & Crocker Inc. grew its position in shares of ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. grew its position in shares of ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp grew its position in shares of ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,744 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of ONEOK by 562.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after buying an additional 2,322 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of ONEOK during the 3rd quarter valued at about $150,000. 66.24% of the stock is owned by institutional investors.
ONEOK, Inc. (NYSE OKE) opened at $57.04 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a market cap of $23,250.00, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26. ONEOK, Inc. has a one year low of $47.14 and a one year high of $61.36.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.40%. This is a positive change from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 26th. ONEOK’s payout ratio is presently 192.50%.
A number of equities research analysts recently weighed in on OKE shares. UBS Group boosted their price objective on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of ONEOK from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. Royal Bank of Canada raised shares of ONEOK from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. BMO Capital Markets reaffirmed a “buy” rating and set a $64.00 price objective on shares of ONEOK in a research report on Tuesday, January 16th. Finally, Barclays raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $58.00 to $67.00 in a research report on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $60.15.
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ONEOK Company Profile
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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