ONEOK, Inc. (NYSE:OKE) Shares Purchased by Greenleaf Trust

Greenleaf Trust raised its stake in ONEOK, Inc. (NYSE:OKE) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,824 shares of the utilities provider’s stock after buying an additional 312 shares during the quarter. Greenleaf Trust’s holdings in ONEOK were worth $986,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Matrix Trust Co purchased a new position in shares of ONEOK during the 3rd quarter worth approximately $29,000. Kieckhefer Group LLC acquired a new position in ONEOK during the fourth quarter worth $30,000. Access Investment Management LLC purchased a new position in shares of ONEOK during the third quarter worth $37,000. Values First Advisors Inc. acquired a new stake in shares of ONEOK in the third quarter valued at $44,000. Finally, Fortitude Family Office LLC raised its holdings in shares of 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 buying an additional 135 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of ONEOK stock opened at $97.65 on Tuesday. The firm has a market capitalization of $57.05 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.69 and a beta of 1.70. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm’s 50 day moving average is $104.51 and its two-hundred day moving average is $97.23.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.22%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Analyst Ratings Changes

A number of equities analysts recently commented on OKE shares. Barclays lifted their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Bank of America began coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective for the company. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research report on Wednesday, December 18th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $102.92.

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.