Claro Advisors LLC increased its holdings in ONEOK, Inc. (NYSE:OKE – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,308 shares of the utilities provider’s stock after acquiring an additional 176 shares during the quarter. Claro Advisors LLC’s holdings in ONEOK were worth $734,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of OKE. Quest Partners LLC acquired a new position in shares of ONEOK in the second quarter worth about $28,000. American Century Companies Inc. raised its stake in ONEOK by 10.8% during the second quarter. American Century Companies Inc. now owns 742,649 shares of the utilities provider’s stock valued at $60,563,000 after buying an additional 72,241 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in ONEOK by 7.4% during the second quarter. Oppenheimer & Co. Inc. now owns 46,772 shares of the utilities provider’s stock valued at $3,814,000 after buying an additional 3,209 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in ONEOK by 7.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 132,969 shares of the utilities provider’s stock valued at $10,712,000 after buying an additional 8,725 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in ONEOK by 13.7% during the second quarter. Parallel Advisors LLC now owns 10,281 shares of the utilities provider’s stock valued at $838,000 after buying an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.
ONEOK Stock Performance
Shares of OKE stock opened at $103.92 on Tuesday. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The business has a 50 day simple moving average of $105.80 and a 200 day simple moving average of $95.11. 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s payout ratio is currently 82.85%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on OKE. UBS Group upped their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada upped their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. Scotiabank assumed coverage on ONEOK in a research report on Friday. They set a “sector outperform” rating and a $109.00 price target on the stock. Finally, Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.54.
Check Out Our Latest Report on ONEOK
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.
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