Wilmington Savings Fund Society FSB Has $1.48 Million Position in ONEOK, Inc. (NYSE:OKE)

Wilmington Savings Fund Society FSB boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,778 shares of the utilities provider’s stock after acquiring an additional 247 shares during the period. Wilmington Savings Fund Society FSB’s holdings in ONEOK were worth $1,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the 3rd quarter worth about $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK during the 3rd quarter worth about $44,000. Fortitude Family Office LLC increased its stake 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 acquiring an additional 135 shares during the last quarter. Finally, Versant Capital Management Inc boosted 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 worth $53,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $95.75 on Monday. The stock has a market capitalization of $55.94 billion, a PE ratio of 20.03, a P/E/G ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $68.21 and a 1-year high of $118.07. The firm has a fifty day simple moving average of $102.92 and a 200 day simple moving average of $97.59. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

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 issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.30%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio is presently 86.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OKE shares. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research note on Wednesday, December 18th. Barclays initiated coverage on ONEOK in a research note on Thursday. They set an “equal weight” rating and a $105.00 price objective on the stock. Bank of America started coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Royal Bank of Canada increased their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Finally, Scotiabank began coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $103.42.

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.