Corps Capital Advisors LLC Invests $5.87 Million in ONEOK, Inc. (NYSE:OKE)

Corps Capital Advisors LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,438 shares of the utilities provider’s stock, valued at approximately $5,867,000. ONEOK accounts for 6.0% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest position.

Other large investors have also modified their holdings of the company. Kieckhefer Group LLC acquired a new position in shares of ONEOK in the 4th quarter valued at $30,000. Access Investment Management LLC acquired a new position in ONEOK in the third quarter worth about $37,000. Values First Advisors Inc. bought a new position in ONEOK during the third quarter worth about $44,000. Fortitude Family Office LLC boosted its holdings in ONEOK by 37.4% during 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 in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of ONEOK by 98.1% in the 4th 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 period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.4 %

Shares of OKE opened at $99.02 on Thursday. The stock’s fifty day simple moving average is $101.42 and its 200-day simple moving average is $98.51. The firm has a market capitalization of $57.85 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70. ONEOK, Inc. has a 12-month low of $71.50 and a 12-month 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.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Analysts Set New Price Targets

Several equities analysts recently commented on OKE shares. Wolfe Research upgraded 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 report on Thursday, November 7th. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Truist Financial boosted their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Finally, UBS Group lifted their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Seven investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.