Autumn Glory Partners LLC Sells 1,511 Shares of ONEOK, Inc. (NYSE:OKE)

Autumn Glory Partners LLC reduced its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,516 shares of the utilities provider’s stock after selling 1,511 shares during the period. ONEOK makes up 4.0% of Autumn Glory Partners LLC’s holdings, making the stock its 2nd largest position. Autumn Glory Partners LLC’s holdings in ONEOK were worth $8,084,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd acquired a new position in ONEOK during the 4th quarter valued at about $18,292,000. Catalyst Financial Partners LLC increased its holdings in shares of ONEOK by 3.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 4,183 shares of the utilities provider’s stock valued at $420,000 after purchasing an additional 137 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of ONEOK by 20.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 259,564 shares of the utilities provider’s stock valued at $26,172,000 after purchasing an additional 44,418 shares during the period. Avestar Capital LLC increased its holdings in shares of ONEOK by 17.2% in the fourth quarter. Avestar Capital LLC now owns 2,771 shares of the utilities provider’s stock valued at $278,000 after purchasing an additional 406 shares during the period. Finally, MGB Wealth Management LLC increased its holdings in shares of ONEOK by 0.9% in the fourth quarter. MGB Wealth Management LLC now owns 37,144 shares of the utilities provider’s stock valued at $3,731,000 after purchasing an additional 344 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on OKE shares. 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. Scotiabank started coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays began coverage on ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price on the stock. Finally, US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Stock Performance

Shares of OKE stock opened at $97.96 on Friday. The company has a market capitalization of $57.23 billion, a P/E ratio of 20.49, a P/E/G ratio of 3.67 and a beta of 1.70. The business’s 50 day moving average is $102.01 and its two-hundred day moving average is $97.94. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12-month low of $69.01 and a 12-month high of $118.07.

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 given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.21%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio 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.