New York State Common Retirement Fund Sells 4,600 Shares of ONEOK, Inc. (NYSE:OKE)

New York State Common Retirement Fund trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,486 shares of the utilities provider’s stock after selling 4,600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of ONEOK worth $34,386,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new position in ONEOK in the fourth quarter valued at approximately $30,000. Access Investment Management LLC bought a new position in ONEOK in the third quarter valued at approximately $37,000. Values First Advisors Inc. bought a new position in ONEOK in the third quarter valued at approximately $44,000. Fortitude Family Office LLC boosted its stake in shares of ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of ONEOK by 98.1% during the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 260 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKE has been the subject of several research analyst reports. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Monday, February 10th. Finally, Mizuho upgraded ONEOK to a “hold” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $103.92.

ONEOK Price Performance

Shares of NYSE OKE opened at $98.65 on Friday. The stock has a market capitalization of $57.63 billion, a PE ratio of 20.64, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The business has a fifty day moving average price of $101.31 and a two-hundred day moving average price of $98.51. ONEOK, Inc. has a fifty-two week low of $71.85 and a fifty-two week high of $118.07.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.18%. ONEOK’s payout ratio is currently 86.19%.

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.