Capital Advisors Inc. OK Has $7.93 Million Position in ONEOK, Inc. (NYSE:OKE)

Capital Advisors Inc. OK grew its holdings in ONEOK, Inc. (NYSE:OKE) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,954 shares of the utilities provider’s stock after purchasing an additional 11,578 shares during the quarter. Capital Advisors Inc. OK’s holdings in ONEOK were worth $7,927,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at about $30,000. Access Investment Management LLC acquired a new stake in shares of ONEOK in the third quarter valued at about $37,000. Values First Advisors Inc. acquired a new stake in shares of ONEOK in the third quarter valued at about $44,000. Fortitude Family Office LLC grew its position in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 260 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE:OKE opened at $98.98 on Wednesday. ONEOK, Inc. has a 1 year low of $68.65 and a 1 year high of $118.07. The firm has a 50 day moving average of $102.68 and a 200-day moving average of $97.82. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $57.82 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.16%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is 86.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Scotiabank assumed coverage on ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Finally, Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

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.