ONEOK, Inc. (NYSE:OKE) Position Cut by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,881 shares of the utilities provider’s stock after selling 875 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in ONEOK were worth $5,108,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Kieckhefer Group LLC acquired a new position in ONEOK during the 4th quarter valued at about $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the third quarter worth approximately $37,000. Values First Advisors Inc. bought a new position in ONEOK in the 3rd quarter worth approximately $44,000. Fortitude Family Office LLC increased its position in ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares during the period. Finally, Versant Capital Management Inc raised its stake in ONEOK by 98.1% during the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE:OKE opened at $98.07 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company has a market capitalization of $57.29 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.80 and a beta of 1.70. The stock has a fifty day moving average of $101.19 and a 200-day moving average of $98.65. ONEOK, Inc. has a one year low of $72.44 and a one year high of $118.07.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.20%. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Analyst Upgrades and Downgrades

OKE has been the subject of several recent analyst reports. Scotiabank started coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Barclays initiated coverage on shares of ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.