New Mexico Educational Retirement Board Sells 700 Shares of ONEOK, Inc. (NYSE:OKE)

New Mexico Educational Retirement Board trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 27,810 shares of the utilities provider’s stock after selling 700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in ONEOK were worth $2,792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. AustralianSuper Pty Ltd bought a new position in shares of ONEOK in the 4th quarter valued at approximately $18,292,000. Catalyst Financial Partners LLC grew its holdings in ONEOK by 3.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 4,183 shares of the utilities provider’s stock valued at $420,000 after buying an additional 137 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in ONEOK by 20.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 259,564 shares of the utilities provider’s stock valued at $26,172,000 after buying an additional 44,418 shares during the last quarter. Avestar Capital LLC grew its holdings in ONEOK by 17.2% in the 4th quarter. Avestar Capital LLC now owns 2,771 shares of the utilities provider’s stock valued at $278,000 after buying an additional 406 shares during the last quarter. Finally, MGB Wealth Management LLC grew its holdings in ONEOK by 0.9% in the 4th quarter. MGB Wealth Management LLC now owns 37,144 shares of the utilities provider’s stock valued at $3,731,000 after buying an additional 344 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Down 1.0 %

Shares of OKE opened at $97.96 on Friday. The stock has a fifty day moving average price of $101.79 and a two-hundred day moving average price of $98.05. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK, Inc. has a 52-week low of $69.01 and a 52-week high of $118.07. The company has a market cap of $57.23 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 3.67 and a beta of 1.70.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given 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 yield of 4.21%. ONEOK’s payout ratio is presently 86.19%.

Analyst Ratings Changes

OKE has been the topic of several recent research reports. Barclays initiated coverage on ONEOK in a report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 price objective on the stock. UBS Group lifted their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial lifted their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.92.

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.