ONEOK, Inc. (NYSE:OKE) Short Interest Update

ONEOK, Inc. (NYSE:OKE) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 22,900,000 shares, a growth of 48.6% from the January 15th total of 15,410,000 shares. Based on an average daily trading volume, of 3,580,000 shares, the short-interest ratio is presently 6.4 days.

Institutional Trading of ONEOK

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kieckhefer Group LLC bought a new stake in ONEOK during the 4th quarter valued at approximately $30,000. Access Investment Management LLC purchased a new position in ONEOK during the 3rd quarter valued at approximately $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in ONEOK during the 4th quarter valued at approximately $39,000. Canton Hathaway LLC purchased a new position in ONEOK during the 4th quarter valued at approximately $40,000. Finally, Values First Advisors Inc. purchased a new position in ONEOK during the 3rd quarter valued at approximately $44,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 1.0 %

Shares of OKE opened at $97.96 on Friday. The business’s 50 day moving average is $101.79 and its 200 day moving average is $98.05. The company has a market capitalization of $57.23 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. ONEOK has a 12-month low of $69.01 and a 12-month high of $118.07. 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Analyst Ratings Changes

Several research firms recently commented on OKE. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Monday, February 10th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Finally, Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Seven 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.